Chr. Hansen Holding A/S said its normalized net income for the fiscal fourth quarter ended Aug. 31 came to 41 euro cents per share, compared with the S&P Capital IQ consensus estimate of 47 cents per share.
EPS rose 18.3% year over year from 35 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €55.2 million, an increase of 19.8% from €46.1 million in the prior-year period.
The normalized profit margin rose to 19.5% from 18.0% in the year-earlier period.
Total revenue grew 10.6% year over year to €283.0 million from €255.8 million, and total operating expenses increased 8.1% from the prior-year period to €190.7 million from €176.4 million.
Reported net income rose 20.0% from the prior-year period to €67.8 million, or 51 cents per share, from €56.5 million, or 43 cents per share.
For the year, the company's normalized net income totaled €1.36 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of €1.68.
EPS rose from €1.19 in the prior year.
Normalized net income was €181.7 million, an increase from €156.8 million in the prior year.
Full-year total revenue increased on an annual basis to €1.06 billion from €948.9 million, and total operating expenses increased year over year to €757.0 million from €681.9 million.
The company said reported net income grew on an annual basis to €223.6 million, or €1.68 per share, in the full year, from €184.4 million, or €1.40 per share.
