Chr Hansen A/S : Q1 Factsheet 2020/21

Factsheet

Q1 2020/21

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			Q1	Q1				Q1	Q1
	19/20	20/21			19/20	20/21
Income statement, continuing operations			Growth drivers, continuing operations
Revenue	220.0	243.5		Organic growth	2%	10%
Gross profit	132.5	136.0		Volume/mix		na	5%
EBITDA b.s.i.	80.1	87.8		Price		na	5%
EBIT b.s.i.	63.8	61.4		Currencies	0%	-8%
Underlying EBIT b.s.i.1	63.8	63.4		M&A	0%	9%
EBIT	63.0	55.0		EUR growth	2%	11%
Net financial items	(2.6)	(6.6)		Organic growth by region, continuing operations
Profit for the period	49.9	41.4		EMEA	-3%	7%
Cash flow and investments, continuing operations			NA	8%	9%
Operating cash flow	29.9	38.8		LATAM	9%	40%
Investing cash flow	(28.7)	(376.2)		APAC	-2%	-4%
Free cash flow b.s.i.a.d	7.5	(6.9)		Food Cultures & Enzymes
M&A	-	(319.0)		Revenue	166.1	165.3
Balance sheet, Group						Organic growth	4%	8%
Total assets	2,096.8	3,228.7		Volume/mix	3%	2%
Invested capital	1,816.3	2,910.2		Currencies	-1%	-8%
Net working capital	244.1	250.4		M&A	-	-
Equity	727.2	930.7		EUR growth	3%	0%
Net interest-bearing debt	792.8	1,706.1		EBITDA	64.5	65.2
Key ratios						EBITDA margin	38.9%	39.4%
Continuing operations						EBIT	53.2	50.8
Gross margin	60.2%	55.9%		EBIT margin, %	32.1%	30.7%
EBITDA margin b.s.i.	36.4%	36.1%		ROIC excl. goodwill	36.7%	33.4%
EBIT margin b.s.i	29.0%	25.2%		Health & Nutrition
Underlying EBIT b.s.i. margin1	29.0%	28.5%		Revenue	53.9	78.2
EBIT margin	28.6%	22.6%		Organic growth	-4%	15%
R&D	9.3%	8.6%		Volume/mix	-4%	13%
Capex	10.5%	22.4%		Currencies	1%	-8%
Group						M&A	-	38%
ROIC excl. goodwill	27.8%	20.9%		EUR growth	-3%	45%
ROIC	15.7%	10.4%		EBITDA	15.6	22.6
Net debt to EBITDA b.s.i.			1.9x	3.8x		EBITDA margin	28.9%	28.9%
						EBIT	10.6	10.6
Revenue split by	Revenue split by
business, YTD	region, YTD			EBIT margin, %	19.6%	13.6%
						Underlying EBIT1	10.6	17.3
	APAC			Underlying EBIT margin1, %	19.6%	22.1%
	18%
H&N
			EMEA		ROIC excl. goodwill	14.7%	7.2%
32%
				37%
	LATAM		1 See Q1 2020/21 company announcement, p. 20, for reconcilation of
	13%					underlying margins.

FC&E

68%

NA 32%