- (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