Corbion N.V. : Remarkably strong pricing power by Corbion in Q1 2022
>Strong price/mix-driven organic sales growth in Q1 2022 - Corbion’s reported Q1 2022 sales were 4% ahead of consensus, and all of Corbion’s divisions contributed to the beat in the quarter. Compared with our estimates, we note that Incubator’s sales were in slightly lower than forecast. Group organic sales growth was 20.2%, which was ahead of our forecast. As expected, the strong organic sales growth was mainly driven by price/mix (17.9%), illustrating, in our view, ...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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