Profit forecast goes up for Chr Hansen

Related tags Stock market Euro

Leading colours supplier Chr Hansen raises the end of year outlook
as natural colours spear growth in the final quarter.

The Danish firm said today that profit for 2003/04 year before tax is expected to reach DKK 200 million (€26.8m), a considerable rise on the DKK 130-150 million estimated at the end of the third quarter.

"Organic growth rate of 8 per cent in the fourth quarter was higher than expected at the end of the third quarter, leading to a revenue of approximately DKK 3.4 billion in 2003/04. The organic growth rate for the full year was 7 per cent,"​ said the company.

With a 23 per cent slice of the natural colours market, Copenhagen-based Chr Hansen is the leading player in this buoyant market currently experiencing year on year growth estimated at 10 per cent to 15 per cent. As such producing considerable gains in comparison to synthetic colours that, according market analysts Frost & Sullivan, are undergoing a mere 1 per cent compound annual growth rate between 2001-2008.

Looking to increase market share, Chr Hansen has earmarked natural colours to bring constant growth to the bottom line. Last week the firm launched​ a red range sourced from fruit and vegetables. The new ColorFruit line, E163 under EU regulations, is a blend of anthocyanins developed to obtain four shades from red to violet and purple.

The firm added today that EBITA for the ingredients sector is expected to come in at about DKK 425 million, a slight raise from DKK 410 million in the nine month report in 2003/04.

The ingredients company recently reported that in the last month its share value has risen by more than 18 per cent, and during the past year stock has increased by 50 per cent.

"The booming share value is caused by a better than market performance by Chr Hansen's ingredients division, that has showed a 7 per cent organic growth,"​ a spokesperson for Chr Hansen told​.

Related topics Antioxidants/carotenoids

Related news

Related products

show more

Exploring Wild Blueberries for Memory and Mood

Exploring Wild Blueberries for Memory and Mood

Content provided by Fruit d'Or | 10-Jul-2023 | White Paper

43% of U.S. consumers want foods and beverages to support mental and physical health, according to Mintel. Since wild blueberries have 2x the antioxidants,...

Carotenoids for longevity & healthy aging

Carotenoids for longevity & healthy aging

Content provided by Bio-gen Extracts Pvt. Ltd. | 21-Jun-2023 | White Paper

As the world's population ages, the need to provide a healthy lifespan or ‘health span’ has increased.

Follow us


View more