Denmark-based food ingredients firm Chr. Hansen has booked an increase in full-year profit and said it is "well prepared" for future growth.
EBIT in the 12 month period climbed 16% to EUR185m (US$239.7m), the company reported yesterday (31 October). EBIT margin was at 26.5%, up from 25% in the prior year.
Sales reached EUR699m, a 10% increase on the comparable period last year.
"The performance in 2011/12 confirmed the resilient business model of Chr. Hansen with a diversified and innovative product portfolio securing strong organic revenue growth," said CEO Lars Frederiksen.
The company said it expects organic revenue growth for 2012/2013, excluding effect on sales prices from change in raw material prices for carmine, to be in the range of 8-10%, and EBIT margin before special items and impairments to be above last year.
