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Corbion NV (CORB.AS)

CORB.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Corbion H1 Adj. EBITDA Down At EUR 71.4 Mln
Wednesday, 7 Aug 2019 

Aug 7 (Reuters) - Corbion NV ::REG-CORBION FIRST HALF 2019 RESULTS.CORBION REPORTED H1 2019 SALES OF EUR 471.9 MILLION, AN INCREASE OF 7.4% COMPARED TO H1 2018.ADJUSTED EBITDA IN H1 2019 DECREASED BY 0.1% TO EUR 71.4 MILLION.H1 OPERATING RESULT WAS EUR 46.4 MILLION (H1 2018: 50.2 MILLION).H1 FREE CASH FLOW WAS EUR -29.3 MILLION (H1 2018: EUR -16.3 MILLION).H1 NET DEBT/EBITDA AT HALF-YEAR END WAS 2.1X (YEAR-END 2018: 1.8X).SEES 2019 ORGANIC NET SALES GROWTH FOR CORBION TO BE NEAR THE LOW END OF THE TARGET 3-6% GROWTH GUIDANCE RANGE.SEES IN 2019 INGREDIENT SOLUTIONS: WE EXPECT ORGANIC NET SALES GROWTH TO BE IN THE 1-2% RANGE.SEES IN 2019 FOR FOOD WE EXPECT ORGANIC NET SALES GROWTH TO ACCELERATE INTO THE SECOND HALF OF 2019 (H1 2019: 2.0%).SEES IN 2019: FULL-YEAR BIOCHEMICALS SALES DECLINE, BUT EXPECT BIOCHEMICALS H2 ORGANIC SALES GROWTH PERFORMANCE TO IMPROVE VERSUS H1 (-3.9%)..SEES IN 2019: EXPECT THE EBITDA MARGIN FOR INGREDIENT SOLUTIONS TO IMPROVE VERSUS 2018, RECONFIRMING OUR GUIDANCE OF >19%.INNOVATION PLATFORMS: FOR 2019 WE RECONFIRM OUR EXPECTATIONS OF >20% ORGANIC NET SALES GROWTH.SEES IN 2019 INNOVATION PLATFORMS: EBITDA LOSS IS EXPECTED TO BE AROUND € -35 MILLION (WAS: NOT EXPECTED TO EXCEED € -35 MILLION IN THE YEAR).  Full Article

Olivier Rigaud Nominated As CEO Of Corbion
Monday, 24 Jun 2019 

June 24 (Reuters) - CORBION NV ::REG-OLIVIER RIGAUD NOMINATED TO SUCCEED TJERK DE RUITER AS CEO OF CORBION.TJERK DE RUITER WILL HAND OVER HIS RESPONSIBILITIES AS OF 8 AUGUST 2019 AFTER PRESENTATION OF H1 RESULTS DAY BEFORE.  Full Article

Corbion Q1 Net Sales Up At 228.9 Million Euros
Friday, 26 Apr 2019 

April 26 (Reuters) - CORBION NV ::REG-CORBION Q1 2019 INTERIM MANAGEMENT STATEMENT.Q1 ADJUSTED EBITDA DECREASED ORGANICALLY BY 6.7% TO EUR 34.9 MILLION DUE TO HIGHER LOSSES IN INNOVATION PLATFORMS.Q1 OPERATING RESULT WAS € 20.1 MILLION, AN ORGANIC DECREASE OF 24.3%.Q1 NET SALES EUR 228.9 MILLION VERSUS EUR 213.0 MILLION YEAR AGO.WE RECONFIRM OUR FULL YEAR OUTLOOK.  Full Article

Corbion To Acquire Granotec do Brazil
Monday, 25 Mar 2019 

March 25 (Reuters) - CORBION NV ::CORBION TO ACQUIRE GRANOTEC DO BRAZIL TO DRIVE FURTHER EXPANSION IN FOOD INGREDIENTS IN LATIN AMERICA.CASH PURCHASE PRICE FOR ALL SHARES OF GRANOTEC DO BRAZIL IS USD 45 MILLION.COMPLETION OF TRANSACTION IS STILL SUBJECT TO CUSTOMARY APPROVALS, WHICH ARE EXPECTED IN FIRST HALF OF 2019.ACQUISITION WILL BE FINANCED FROM EXISTING CORBION DEBT FACILITIES.  Full Article

Corbion Q1 Net Sales down to 213.0 Million Euros
Thursday, 26 Apr 2018 

April 26 (Reuters) - CORBION NV ::CORBION NV - REPORTED SALES OF EUR 213.0 MILLION IN Q1 OF 2018, A DECREASE OF 7.4%.CORBION NV - Q1 ORGANIC SALES GROWTH WAS 2.5%.CORBION - START OF YEAR SAW CONTINUED POSITIVE MOMENTUM WITH ORGANIC GROWTH RECOVERY IN INGREDIENT SOLUTIONS, THAT HAS RETURNED TO 2-4% TARGET RANGE.CORBION NV - Q1 EBITDA BEFORE ONE-OFF ITEMS WAS EUR 38.6 MILLION, AN ORGANIC DECREASE OF 1.4%.  Full Article

Corbion NV Q1 Net Sales At EUR 213.0 Million
Thursday, 26 Apr 2018 

April 26 (Reuters) - Corbion NV ::Q1 NET SALES EUR 213.0 MILLION VERSUS EUR 229.9 MILLION YEAR AGO.Q1 EBITDA EUR 38.6 MILLION VERSUS EUR 47.8 MILLION YEAR AGO.Q1 OPERATING RESULT EUR 30.0 MILLION VERSUS EUR 41.0 MILLION YEAR AGO.  Full Article

Corbion, Bunge Sign Interim-Agreement On Acquisition Of Bunge's Stake In SB Renewable Oils JV
Thursday, 29 Mar 2018 

March 29 (Reuters) - Corbion NV ::CORBION AND BUNGE SIGN INTERIM-AGREEMENT REGARDING THE ACQUISITION OF BUNGE'S STAKE IN SB RENEWABLE OILS JOINT VENTURE.CORBION AND BUNGE ARE 50.1%/49.9% PARTNERS IN SB RENEWABLE OILS.  Full Article

Corbion Net Sales Down At 891.7 Million Euros In 2017
Wednesday, 7 Mar 2018 

March 7 (Reuters) - CORBION NV ::REPORTED NET SALES OF EUR 891.7 MILLION IN 2017, A DECREASE OF 2.2% COMPARED TO 2016..FY OPERATING RESULT WAS EUR 122.3 MILLION, AN ORGANIC DECREASE OF 2.4%.FY EBITDA EXCLUDING ONE-OFF ITEMS WAS EUR 164.1 MILLION.PROPOSES TO DISTRIBUTE A REGULAR DIVIDEND OF EUR 0.56 PER SHARE..INGREDIENT SOLUTIONS: FOR 2018 CONFIRMS GUIDANCE FOR FOOD AND BIOCHEMICALS FOR SALES GROWTH AND MARGINS‍​.INNOVATION PLATFORMS: H2 OF 2018 SHOULD SEE START-UP OF THE TOTAL CORBION PLA PLANT IN THAILAND.INNOVATION PLATFORMS: 2018 EBITDA LOSS INCL. PROPORTIONATELY CONSOLIDATED JVS NOT EXPECTED TO EXCEED €35 MILLION.INPUT COSTS: DECREASE IN SUGAR PRICES IN 2017 SHOULD START TO POSITIVELY IMPACT RESULTS TOWARDS LATTER PART OF H1 2018.INPUT COSTS: PRICES OF SEVERAL AUXILIARY CHEMICALS AND VITAMINS HAVE BEEN ON RISE, NEGATING SUGAR BENEFITS.  Full Article

Corbion provides financial guidance for 2018-2021 period
Thursday, 9 Nov 2017 

Nov 9 (Reuters) - CORBION NV ::FOR 2018-2021 AIMS TO PAY OUT ANNUALLY A STABLE TO GRADUALLY INCREASING ABSOLUTE DIVIDEND AMOUNT PER SHARE‍​.INNOVATION PLATFORMS EBITDA MAXIMUM LOSS IS NOT EXPECTED TO EXCEED € -35 MILLION PER ANNUM FOR THE YEARS 2018 AND 2019 ‍​.2018-2021 GUIDANCE: INGREDIENT SOLUTIONS: NET SALES GROWTH OF 2-4% PER ANNUM‍​.2018-2021 GUIDANCE IN INGREDIENT SOLUTIONS: MAINTAINING EBITDA MARGIN >19% AND ROCE >20% PER ANNUM DURING PERIOD.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: NET SALES GROWTH (INCL. PROPORTIONATELY CONSOLIDATED JVS) 10-30% PER ANNUM.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: EBITDA (INCLUDING PROPORTIONATELY CONSOLIDATED JVS) APPROACHING BREAK-EVEN IN 2021.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: EBITDA MAX. LOSS NOT EXPECTED TO EXCEED €-35 MILLION PER ANNUM FOR YRS 2018 AND 2019.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: RECURRING CAPEX (INCLUDING PROPORTIONATE SHARE IN JV CAPEX) OF €20-30 MILLION PER ANNUM.  Full Article

Corbion 9M sales down 0.7% at 680.5 million euros
Friday, 27 Oct 2017 

Oct 27 (Reuters) - CORBION NV : :SALES OF EUR 680.5 MILLION IN FIRST 9 MNTHS OF 2017, DECREASE OF 0.7% COMPARED TO SAME PERIOD IN 2016​.‍ORGANIC SALES GROWTH IN Q3 WAS FLAT​.9MONTH OPERATING RESULT EUR ‍​102.5 MILLION VERSUS EUR 93.1 MILLION YEAR AGO.OUTLOOK FOR 2017 IS UNCHANGED.‍EBITDA EXCLUDING ONE-OFF ITEMS IN FIRST 9 MTHS DECREASED BY 3.6% TO EUR 129.9 MILLION​.  Full Article

Deals of the day-Mergers and acquisitions

March 25 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: