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Chr. Hansen profit misses consensus by 27.2% in fiscal Q1

Chr. Hansen Holding A/S said its normalized net income for the fiscal first quarter ended Nov. 30, 2014, came to 19 euro cents per share, compared with the S&P Capital IQ consensus estimate of 27 cents per share.

EPS climbed year over year from 19 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €25.2 million, compared with €25.4 million in the year-earlier period.

The normalized profit margin fell to 13.4% from 14.8% in the year-earlier period.

Total revenue climbed 9.8% on an annual basis to €188.1 million from €171.3 million, and total operating expenses rose 12.9% from the prior-year period to €144.6 million from €128.1 million.

Reported net income increased from the prior-year period to €29.8 million, or 23 cents per share, from €29.2 million, or 22 cents per share.