Danisco results beat forecasts

- Last updated on GMT

Related tags: Ingredients group danisco, Food ingredients, Profit, Marketing, Danisco

Danish sugar and food ingredients group Danisco said on Wednesday
that it was considering acquisitions in the food ingredients
industry as it beat analysts forecasts and reported a consolidated
profit for the year to 30 April of DKr940m (€126m), up from DKr112m
a year earlier.

Danish sugar and food ingredients group Danisco said on Wednesday that it was considering acquisitions in the food ingredients industry as it beat analysts forecasts and reported a consolidated profit for the year to 30 April of DKr940m (€126m), up from DKr112m a year earlier.

Earnings before interest, taxes and amortisation (EBITA) were DKr2.32 billion for the year to end-April, up from last year's DKr2.31 billion and exceeding the DKr2.28 billion forecast by analysts.

Danisco's operating profit margin rose due to favourable market conditions and acquisitions in the ingredients and sweeteners business and favourable world market sugar prices, it said.

The company forecast that sales in the next 12 months would be DKr17.1-18.2 billion, with a consolidated profit during the period of around DKr1 billion.

Shares in the company rose by 3.3 per cent in response to the news.

Related topics: Market Trends

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