Corbion : Sales growth seen strong, but severe margin pressure forecast in Q3 2021
>Q3 2021 trading update due 27 October - Corbion is set to report its Q3 2021 trading update on 27 October at 07:00, and host a conference call at 11:00.Double-digit sales growth, but 390bp margin pressure seen in Q3 - We forecast Corbion will report organic sales growth of 12.8% in its Core operations in Q3 2021 (consensus: 13.5%). At a group level, we expect sales growth of 9% to € 271m in Q3 2021 (consensus: 10% and € 273m, respectively). We expect...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.
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