Corbion : EBITDA profitability of 17.4% in Q1 likely not sustainable in Q2
>H1 2021 results due 10 August - Corbion is set to report its H1 2021 results on 10 August at 07:00, and host a conference call later that day (probably at 11:00).Double-digit top-line growth seen to continue in Q2 2021 - Corbion reported 10.7% organic sales growth in its Core operations in Q1 2021, and we anticipate this double-digit sales growth to continue, at 12.8%, in Q2 2021. We note that Corbion is up against the weakest organic sales growth qu...Corbion is an internationally operating company engaged in the development, production, sale and distribution of bakery supplies and food ingredients. Co. is engaged in the Bakery Supplies and Lactic Acid business. Co.'s operations are divided into two segments: Bakery operations and Lactic acid operations. Co.'s Bakery operations comprise the development, production and sale of bakery ingredients and products. Co.'s Lactic acid operations involve the production of lactic acid and lactic acid derivatives which are used in food, pharmaceutical and technical products. Co. operates mostly in Europe and North America. Co.'s brands are Waldkorn, Kate's cakes, Purac, Carel, MeisterMarken.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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