Sales in local currencies increased by 12% to €128m, corresponding to a growth of 6% in EUR. Better product mix and improved margins resulted in a 19% growth in Ebitda, while EBIT increased by 30% despite negative currency development.
“We have had a strong first quarter and are well prepared to capture future growth not least due to our €55m investment in the world’s largest culture plant and our continued R&D spending,” said Lars Frederiksen, CEO. “It’s satisfactory to see that, despite adverse exchange rates and challenging market conditions, we experience solid top- and bottom-line growth, and we look forward to yet another robust year.”
Source: Chr Hansen
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