Improved Demand; Favorable Currency Exchange Rates Lift Danisco's Earnings

 Danisco reported a 31% jump in profits for its fiscal first quarter ended July 31 because of improved business conditions in all four divisions, especially sweeteners, and favorable currency exchange rates. Profits were DKK 402 million ($71 million) on sales up 13%, to DKK 3.9 billion. Organic growth accounted for 5% of the sales gain, and currency exchange rates, 8%, Danisco says. Ebit before bio chemicals projects (BCP) was DKK 687 million, reflecting a margin expansion of 2 percentage points. "Already this quarter, we achieved our long-term...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers