Corbion N.V. : Justified or not, multiple explanations for weak share price
>H1 2023 results due Thursday, 10 August - Corbion is set to report its H1 2023 results on 10 August at 07:00, and host a conference call later that day at 11:00.Apart from Algae Ingredients, volume/mix seen under pressure in Q2 2023 - In Sustainable Food Solutions, the expected ongoing destocking effects are seen to lead to a negative volume/mix contribution in Q2 2023. Moreover, Corbion hinted at some softening consumer demand for this division in Q...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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