January 12, 2018 / 8:36 AM / in a year

Chr Hansen Q1 earnings disappoint, shares fall

COPENHAGEN, Jan 12 (Reuters) - Chr Hansen on Friday reported a weaker-than-expected first-quarter profit on weak sales especially in its natural colours unit, sending shares in the food ingredients maker down 6 percent.

Earnings before interest and tax of 64.7 million euros ($78 million) fell short of the 68.4 million expected by analysts polled for Reuters.

The earnings were hit by lower revenue in Natural Colors due to lower Carmine prices, the loss of a customer in the Middle East and a soft U.S. market for dairy and fruit preparations, said Jyske Bank analyst Frank Hoerining Andersen.

$1 = 0.8295 euros Reporting by Stine Jacobsen; editing by Jason Neely

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