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Chr. Hansen profit misses consensus by 18.7% in fiscal Q2

Chr. Hansen Holding A/S said its normalized net income for the fiscal second quarter ended Feb. 28 amounted to 31 euro cents per share, compared with the S&P Capital IQ consensus estimate of 39 cents per share.

EPS increased 13.9% year over year from 27 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €41.9 million, a gain of 18.3% from €35.4 million in the prior-year period.

The normalized profit margin increased to 16.2% from 15.5% in the year-earlier period.

Total revenue climbed 13.3% on an annual basis to €259.4 million from €228.9 million, and total operating expenses climbed 14.7% year over year to €189.3 million from €165.0 million.

Reported net income rose 36.1% from the prior-year period to €50.9 million, or 38 cents per share, from €37.4 million, or 29 cents per share.