Strong fourth quarter triggers earnings upgrade
Furthermore, we have experienced an attractive product mix and strong plant utilisation, and we therefore expect EBIT* of at least DKK 1,700 million. This corresponds to an earnings upgrade of over DKK 100 million compared to our previous outlook and reflects an EBIT margin (before Bio Chemical Projects) of at least 12.8%.
The momentum in profitability means that we have already met our financial milestone of 12.5% in EBIT margin (before Bio Chemicals Projects) in FY 2009/10.
We will release our full annual report for 2009/10, including management outlook for the coming financial year, on 22 June 2010.
* In this release, EBIT refers to EBIT before special items and sharebased payments unless otherwise stated
About Danisco Deutschland GmbH
With a rich and innovative portfolio, Danisco is a world leader in food ingredients, enzymes and biobased solutions. Using nature's own materials, science and the knowledge of our 6,800 people, we design and deliver biobased ingredients that meet market demand for healthier and safer products. Danisco's ingredients are used globally in a wide range of industries - from bakery, dairy and beverages to animal feed, laundry detergents and bioethanol - to enable functional, economic and sustainable solutions. Headquartered in Denmark and operating from more than 80 locations, Danisco's key focus is to become our customers' First choice and a truly marketdriven global business. Find out more at www.danisco.com.