Danish company Chr Hansen continues to deliver solid growth and strong margins. Its probiotic business for livestock is also showing growth. This was stated in the company’s annual report, released this week.
Chr Hansen is a global bioscience company with three divisions: cultures & enzymes (e.g. meat and wine cultures), health & nutrition (e.g. probiotics) and natural colours (e.g. colours for beverages). The company has 2,500 employees in 30 countries.
"As a whole, Chr Hansen continues to deliver solid growth and strong margins. In 2013/14, revenue was €756 million, compared to €738 million in 2012/13. Organic growth was 8%, while the EBIT margin before special items ended at 27.1%. The cultures & enzymes division and the health & nutrition division delivered solid organic growth of 8% and 15% respectively, while the natural colours Division delivered organic growth of 2% excluding carmine (food colouring agent) price effect," CEO Cees de Jong commented.
Probiotic sales for livestock use also saw growth. "With a growing world population, there is an ever greater need to increase productivity in the agricultural industry. Chr. Hansen's probiotic concepts for animal feed help farmers address this challenge," according to the Danish company. Chr Hansen saw the market for animal probiotics in the livestock industry expand in 2013/14, primarily through increased market penetration in swine and cattle. The market for silage inoculants also expanded as farmers are looking for efficiency gains from their forage.
Chr Hansen probiotic products for livestock are known under the names GalliPro®, BioPlus® 2B, BioPlus® YC. The silage inoculant is called Silosolve® AS 200.
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