October 10, 2019 / 6:54 AM / 5 days ago

Denmark's Chr. Hansen posts annual profits slightly below expectations

COPENHAGEN, Oct 10 (Reuters) - Food ingredient maker Chr. Hansen reported slightly lower than expected annual profits, and said it expects organic sales growth next year of between 4% and 8%, below long-term guidance of 8% to 10%, due to an expected weak first quarter.

On Thursday, the company forecast its EBIT-margin for next year at 29.5%.

Chr. Hansen posted net profit for its financial year at 250.2 million euros ($274.97 million), slightly below an estimate of 253.8 million euros in a Refinitiv poll.

It reported organic sales growth of 7% for the year, in line with its downward revised profit outlook from June of organic growth between 7% and 8%. ($1=0.9099 euros) (Reporting by Nikolaj Skydsgaard; Editing by Clarence Fernandez)

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