• (PLX AI) – Chr. Hansen shares rose 4% at the open after first-quarter organic growth significantly exceeded expectations.
  • • Q1 organic growth was 9%, compared to consensus estimates of 4.4%
  • • Even the most optimistic forecasts were too low: Nordea predicted Chr. Hansen could post organic growth of 5.9%
  • • Outlook was unchanged as analysts expected
  • • Organic growth was driven by progress in both FC&E and H&N divisions
  • • The adjusted EBIT margin came just under expectations (at 24.4% vs. consensus 25%), but the profitability level shouldn't be too surprising given the strong inflationary backdrop, traders said

Quelle: PLX AI