Corbion N.V. : Strong Q3 2024 results, except for PLA; FY 2024 guidance raised
>Better-than-expected volume/mix growth in both divisions in Q3 2024 - Corbion reported net sales of € 335.8m and adjusted EBITDA of € 49.6m in Q3 2024. Net sales came in 5.2% higher than consensus and 4.1% ahead of our forecast. Adjusted EBITDA was 4.4% ahead of consensus and 1.2% better than our estimate. Group organic sales growth was 9.2%, versus our estimate of 5.4% and consensus of 3.3%. Both divisions beat our and consensus growth expectations, with a particula...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.