Danisco is upgrading
Af Uffe Hansen
18-03-2010
13:14
Danisco’s strong 3rd quarter means that CEO Tom Knutzen is ready to upgrade the expectations for the full financial year as well as the next financial year. The news made the share price rise considerably.
The company now expects a profit of DKK 300 million compared to previously »over DKK 200 million«. The expectations for revenue are also upgraded.
The EBIT outlook is lifted to about DKK 1,600 million compared to the previous expectation of DKK 1,450-1,500 million.
In the 3rd quarter Danisco achieved group revenue of nearly DKK 3.3 billion, and the result before tax was a loss of DKK 432 million.
CEO Tom Knutzen comments:
»We continued to see a positive earnings momentum during the quarter and are encouraged by the results that we have achieved this financial year, including our ability to lift our earnings outlook once more. We now expect to achieve our 12.5 per cent EBIT margin (before Bio Chemicals Projects) milestone already in 2010/2011 – i.e. one year ahead of plan.«
The company now expects a profit of DKK 300 million compared to previously »over DKK 200 million«. The expectations for revenue are also upgraded.
The EBIT outlook is lifted to about DKK 1,600 million compared to the previous expectation of DKK 1,450-1,500 million.
In the 3rd quarter Danisco achieved group revenue of nearly DKK 3.3 billion, and the result before tax was a loss of DKK 432 million.
CEO Tom Knutzen comments:
»We continued to see a positive earnings momentum during the quarter and are encouraged by the results that we have achieved this financial year, including our ability to lift our earnings outlook once more. We now expect to achieve our 12.5 per cent EBIT margin (before Bio Chemicals Projects) milestone already in 2010/2011 – i.e. one year ahead of plan.«
*****||*****Danisco is upgrading*****||*****Danisco’s strong 3rd quarter means that CEO Tom Knutzen is ready to upgrade the expectations for the full financial year as well as the next financial year. The news made the share price rise considerably.
The company now expects a profit of DKK 300 million compared to previously »over DKK 200 million«. The expectations for revenue are also upgraded.
The EBIT outlook is lifted to about DKK 1,600 million compared to the previous expectation of DKK 1,450-1,500 million.
In the 3rd quarter Danisco achieved group revenue of nearly DKK 3.3 billion, and the result before tax was a loss of DKK 432 million.
CEO Tom Knutzen comments:
»We continued to see a positive earnings momentum during the quarter and are encouraged by the results that we have achieved this financial year, including our ability to lift our earnings outlook once more. We now expect to achieve our 12.5 per cent EBIT margin (before Bio Chemicals Projects) milestone already in 2010/2011 – i.e. one year ahead of plan.«*****||*****
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