Corbion N.V. : Solid sales and EBITDA growth forecasts, but leverage to peak in Q2 2022
>H1 2022 results due 10 August - Corbion is set to report its H1 2022 results on 10 August at 07:00 and host a conference call later that day at 11:00. We expect Corbion to report sales of € 325m (+23.1%), EBITDA of € 41m (+24.4%), and covenant net debt and peak net debt/EBITDA of € 462m and 3.2x, respectively. We expect management to reiterate its 2022 guidance.No price elasticity expected yet in Q2 2022 - Corbion reported organic sales growth of 19....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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