Chr. Hansen reports strong results for Q2: 11% organic …

Organic growth came in higher than expected and reached 11%, driven by both pricing initiatives and volume growth. EBIT b.s.i. amounted to EUR 91 million, up 8% from EUR 84 million in Q2 2021/22. The increase was driven by a positive contribution from exchange rates, pricing initiatives and volume growth, which was partly offset by the negative impact from higher input costs, and a less favorable product mix. Year-to-date EBIT b.s.i. amounted to EUR 168 million, up 12% from last year. In light of the increased impact from EUR-based pricing we adjust our outlook for 2022/23 for organic growth to 8-11%, while maintaining the outlook for the EBIT margin b.s.i. of 26-27%. The outlook for the free cash flow b.a.s.i. is adjusted to EUR 180-220 million.