Corbion N.V. : Solid Q2 2024 performance underpins our investment case; TP increased
>Strong performance from the consolidated operations in Q2 2024 - Corbion’s consolidated divisions, Functional Ingredients & Solutions (FI&S), and Health & Nutrition (H&N), surprised positively in Q2 2024. In FI&S, we were enthusiastic about the recovery of volume/mix growth to clear positive territory. And H&N surprised with sequential expansion in EBITDA profitability to 31.6% in Q2 2024 compared with the already very healthy margin of 27.1% reported in Q1 2024. We ...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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