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Danisco Q1 2006/2007 Results

Posted: September 19, 2006

Dansico (Copenhagen, Denmark) has announced first quarter 2006/2007 sales of DKK 5,283 million, an increase of 2% from the same quarter last year. Operating profit before special items (EBIT) increased to DKK 704 million from DKK 558 million last year. Gross profit rose 3% to DKK 1,807 million.

The ingredients segment reported sales of DKK 3,503 million, an increase of 4% from the same quarter last year. This was driven by 6% organic growth and an adverse currency impact of 2%. EBIT grew 12% to DKK 511 million. Geographically, Latin America showed the largest organic growth of 18%, followed by Europe at 7%, and North American and Asia Pacific both with 4% organic growth.