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.
