Edition:
United Kingdom

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. 

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