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Chr. Hansen fiscal Q3 profit climbs 9.6% YOY

Chr. Hansen Holding A/S said its normalized net income for the fiscal third quarter ended May 31 was 36 euro cents per share, compared with the S&P Capital IQ consensus estimate of 42 cents per share.

EPS climbed 10.2% year over year from 33 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €47.9 million, a gain of 9.6% from €43.7 million in the prior-year period.

The normalized profit margin fell to 17.2% from 17.5% in the year-earlier period.

Total revenue grew 11.4% year over year to €278.4 million from €249.8 million, and total operating expenses rose 10.1% year over year to €196.8 million from €178.8 million.

Reported net income increased 12.2% from the prior-year period to €57.9 million, or 44 cents per share, from €51.6 million, or 39 cents per share.