date:Jul 03, 2014
of revenue.
The company faces challenging market conditions in its Natural Colours Division where sales fell 8 percent in the quarter after it lost an unnamed South American customer, who switched to cheaper synthetic colours instead of using carmine, a food colouring made from cactus-dwelling lice in Peru.
For the full-year, the company still expects organic growth of 7-9 percent and an operating margin of more than 26 percent.
Chr. Hansen shares were up 3 percent at 0804 GMT compared with a