Corbion N.V. : FY guidance seen raised on 29 October; TP raised to € 31 (from € 30)
>Q3 2024 results due 29 October: EBITDA growth of more than 40% expected - Corbion is set to report its Q3 2024 trading update (reporting on sales and EBITDA only) on 29 October at 07:00, and host a conference call later that morning at 11:00.Health & Nutrition: growth engine Algae Ingredients running smoothly - In Health & Nutrition, we forecast organic sales growth of 17.5% (volume/mix: 16%) and sales of € 67.5m in Q3 2024. We expect ongoing solid g...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.
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