Dansico reports 2% dip in group revenue in Q2 2009/10

In Q2 2009/10, Danisco reported group revenue of DKK 3.2 billion ($0.62 billion), down 2% in organic growth terms.

Group EBIT* (before BCP) was DKK 407 million, up 25% Y/Y, reflecting a margin of 12.6%, a 2.9% point expansion Y/Y, driven by all divisions aside from sweeteners.

Profit for the Group came in at DKK 233 million.

Says CEO Tom Knutzen: “In sweeteners, the situation warrants a writedown of goodwill to be booked in Q3 2009/10. Our longer-term ambitions and priorities for the Group remain unchanged.”