MoreApril 19/Copenhagen/Reuters -- Danish food ingredients maker Chr. Hansen slightly lowered its organic growth outlook for the full year 2011/12 after the price of raw material carmine fell more than expected.
The group said it now saw organic growth of 5-7% when including the effect from change in carmine prices, but slightly raised its organic growth outlook when excluding the effect.
The group, which makes ingredients such as cultures, enzymes and colors for the food, health and animal feed industries, said it still saw a full-year EBIT margin of above 26%.
From the April 19, 2012, Prepared Foods’ Daily News
