Denmark's Chr. Hansen keeps full-year outlook after Q3
Danish food ingredient maker Chr. Hansen reported third-quarter operating profit in line with expect…Danish food ingredient maker Chr. Hansen reported third-quarter operating profit in line with expectations on Wednesday and said it kept full-year profit and margin forecasts.
Chr. Hansen, which makes products such as enzymes and natural food colourings, said operating profit rose 4.2 percent in March-May to 55.0 million euros ($75.02 million), in line with a forecast of 55.5 million euros in a Reuters poll.
For the full-year, the company still expects organic growth of 7-9 percent and an operating margin of above 26 percent.
