Corbion N.V. : A slow top-line start to the year and weak PLA expected for Q1 2023
>Corbion set to report Q1 2023 trading update on 26 April - Corbion is set to report its Q1 2023 trading update (sales and EBITDA only) on 26 April at 07:00 and will host a conference call later that morning.Slow start to the year in sales to show in most divisions, particularly PLA - At the release of its 2022 results (3 March 2022), Corbion guided for 5-8% volume/mix growth and 15-20% EBITDA growth for its core operations. Management added that it e...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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