Chr Hansen have reported continued solid growth in Food Cultures & Enzymes driven by core segments and accelerated growth in Health & Nutrition with a 2021/22 outlook adjusted in response to market volatility and accelerating inflationary pressure.
Said Mauricio Graber, CEO: “In a challenging environment, Chr. Hansen continued its strong growth trajectory, delivering 14% organic growth in the second quarter. Growth in Health & Nutrition further accelerated, supported by Human Health, while Food Cultures & Enzymes showed solid growth, mainly driven by its core segments and developed markets. In the second quarter, the EBIT margin b.s.i. increased to 27.7% thanks to strong volume growth. The performance in the first half of the year provides a robust foundation for delivering on our ambitions for the full year. However, overall market volatility has increased due to the accelerating inflationary pressure and the Russian invasion of Ukraine. We are responding to the higher cost inflation with proactive pricing measures and are adjusting our outlook by upgrading our organic revenue growth target, while also lowering expectations for the near-term EBIT margin b.s.i. The net effect is expected to be largely neutral on EBIT b.s.i., consistent with our prior guidance, and we maintain our expectations for free cash flow b.s.i.” For more visit chr-hansen.com
