Chr. Hansen has posted €117 million net profit for the 2010/2011 financial year, compared to €18 million in 2009/2010, according to the company's latest financial report.
Revenue grew by 15% to €636 million with organic growth of 10%, according to the company. All three divisions contributed to the strong growth. The cultures and enzymes division delivered stable organic growth of 6%. Dairy cultures for the production of cheese and fermented milk products experienced good growth while the uncertainty surrounding regulation of health claims in the EU affected growth of probiotic cultures negatively. The natural colors division delivered organic growth of 19%, significantly above historical performance. The health and nutrition division showed strong organic growth of 16%, driven by both human and animal health products.
According to Chr. Hansen, the 2011/2012 year has started positively for the company, but the long-term outlook remains sensitive to major changes in the global economy.
