Corbion : Outperform reiterated on well-absorbed pricing so far and growth outlook
>Apart from one-offs, Core EBITDA came in as expected for Q4 2021 - The EBITDA shortfall of € 5m in Core in Q4 2021 was attributable to the impact of a production outage in Sustainable Food Solutions in October 2021. Non-Core EBITDA fell short as well, because of a delay between cost increases and the offsetting impact from pricing. The Total-Corbion PLA joint venture reported solid sales, but EBITDA were below forecasts due to cost increases. Net debt was higher than...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.