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Interim Report Q1 2010/11 (September 1, 2010 - November 30, 2010)
OMX Company News Service
Company Announcement No. 01/2011 - January 12, 2011

Hoersholm, Denmark, 2011-01-12 08:02 CET (GLOBE NEWSWIRE) --“The financial year 2010/11 has started positively with strong organic growth
in all three divisions and we have upgraded our expectations for the full year.
Strong demand for DVS® cultures is driving results in Cultures & Enzymes.
Health & Nutrition benefited from the continued interest for probiotics while
the pronounced consumer preference for natural colors has resulted in an
organic growth of 46% in Colors & Blends,” says CEO Lars Frederiksen. 

“EBIT margins were improved in Cultures & Enzymes and Health & Nutrition and
despite significantly higher raw material costs for carmine, which have
negatively impacted our margins in Colors & Blends, we are on track to deliver
our outlook for 2010/11”. 

“Based on the performance in Q1 and in particular the strong evolution in our
color business the organic revenue outlook for the group for 2010/11 has been
revised upward, from 8-10% to 11-13%.” 

Highlights:
(In parentheses the corresponding figures for Q1 2009/10)

• Revenue in Q1 2010/11 amounted to EUR 156 million, up 22% compared to Q1
2009/10 

• Organic revenue growth of 16%, was positively affected by around 5.5
percentage points from higher raw material prices for carmine partly offset by
negative effect of around 2 percentage points from euro pricing in certain
countries 

• Operating profit (EBIT) before special items up by 22% to EUR 35 million (EUR
29 million) corresponding to an operating profit (EBIT) margin before special
items at 23%, unchanged from Q1 2009/10 

• Net working capital increased by EUR 46 million mainly due to higher activity
and increased raw material prices 

• The outlook for the financial year 2010/11 has been revised upward compared
to the outlook given in announcement of 2 November 2010. Revenue is expected to
grow organically by 11-13% (previously 8-10%). Operating profit (EBIT) margin
before special items is still expected to be above 25% while net working
capital is still expected to be 14-17% of revenue 

• Henning Jakobsen, CFO has decided to leave Chr. Hansen in order to pursue a
more operational career opportunity with a multinational company outside
Denmark. Mr. Jakobsen will continue in his current role until September 30,
2011 


Conference call
Chr. Hansen will host a conference call on January 12, 2011 at 9:30 am CET. The
conference call can be accessed at our home page www.chr-hansen.com. 


         Lars Frederiksen, CEO
         Tel: +45 45 74 74 74
         
         Henning Jakobsen, CFO
         Tel: +45 45 74 74 74
         
         Anders Mohr Christensen, Investor Relations
         Tel: +45 45 74 76 18
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