Danish ingredients giant Chr. Hansen said demand for dairy cultures has helped the firm to a 3% increase in total revenue and 10% organic growth in Q3.
“Hansen continued the strong performance from Q2, and we maintain our outlook for the full year, expecting organic revenue growth of 7-9% and an EBIT margin before special items above 26%,” said CEO Cees de Jong.
While high demand for yoghurt and cheese cultures helped to spur 'solid' results for the firm, Chr. Hansen also noted that it still faces challenges in its Natural Colours Division - where sales fell by 8% after it lost a customer in South America.
De Jong added that implementation of the firms 'Nature’s No. 1' strategy remains a key focus area.
"It’s encouraging to see the successful application of the new fermentation capacity for cultures in Copenhagen and the progress in our other strategic initiatives such as the strengthening of our position in emerging markets and creating fuel for growth through strong cost focus and scalability,” said the CEO.