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Corbion NV (CORB.AS)

CORB.AS on Amsterdam Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Corbion 9-Month Operating Result Down At 72.5 Million Euros
Friday, 2 Nov 2018 02:00am EDT 

Nov 2 (Reuters) - CORBION NV ::REPORTED SALES OF EUR 666.4 MILLION IN FIRST NINE MONTHS OF 2018.EBITDA EXCLUDING ONE-OFF ITEMS IN FIRST NINE MONTHS DECREASED ORGANICALLY BY 1.1% TO EUR 104.4 MILLION..9M OPERATING RESULT EUR 72.5 MILLION VERSUS EUR 102.5 MILLION YEAR AGO.INGREDIENT SOLUTIONS: FOR 2018 WE RECONFIRM OUR CAPITAL MARKETS DAY GUIDANCE FOR THE ORGANIC SALES GROWTH AND THE EBITDA MARGIN..INGREDIENT SOLUTIONS: WE EXPECT THE ORGANIC SALES GROWTH RATE IN H2 TO BE HIGHER THAN IN H1.INGREDIENT SOLUTIONS: EBITDA MARGIN IN H2 IS EXPECTED TO BE LOWER THAN IN H1.BY YEAR END 2018 EXPECTS EBITDA LOSS FROM INNOVATION PLATFORMS TO COME OUT BETWEEN € -35 MILLION AND € -30 MILLION.  Full Article

Corbion H1 Operating Result Down At 50.2 Million Euros
Wednesday, 8 Aug 2018 01:00am EDT 

Aug 8 (Reuters) - CORBION NV ::CORBION REPORTED H1 2018 SALES OF EUR 439.2 MILLION, A DECREASE OF 4.9% COMPARED TO H1 2017.H1 EBITDA EXCLUDING ONE-OFF ITEMS IN H1 2018 DECREASED BY 19.0% TO EUR 71.5 MILLION.H1 OPERATING RESULT EUR 50.2 MILLION VERSUS EUR 73.1 MILLION YEAR AGO.H1 FREE CASH FLOW WAS EUR -16.3 MILLION (H1 2017: EUR 2.3 MILLION).INGREDIENT SOLUTIONS: FOR 2018 WE CONFIRM OUR CAPITAL MARKETS DAY GUIDANCE FOR THE ORGANIC SALES GROWTH (BOTH FOR FOOD AND BIOCHEMICALS SEGMENTS) AND THE EBITDA MARGIN.INNOVATION PLATFORMS: THE SECOND HALF OF 2018 SHOULD SEE THE START-UP OF THE TOTAL CORBION PLA JOINT VENTURE PLANT IN THAILAND.INGREDIENT SOLUTIONS: WE EXPECT THE ORGANIC SALES GROWTH RATE IN H2 TO BE HIGHER THAN IN H1.  Full Article

Corbion Signs Five-Year Syndicated Revolving Credit Facility ("RCF")
Friday, 29 Jun 2018 04:44am EDT 

June 29 (Reuters) - CORBION NV ::SIGNS NEW FIVE YEARS SYNDICATED REVOLVING CREDIT FACILITY ("RCF").LINKS SUSTAINABILITY PERFORMANCE TO INTEREST RATE OF ITS NEW EUR 300 MILLION REVOLVING CREDIT FACILITY.INTEREST RATE ON RCF IS LINKED TO SUSTAINABILITY INDICATORS, MEASURING PERFORMANCE OF CORBION ON A YEAR-TO-YEAR BASIS.NEW REVOLVING CREDIT FACILITY (RCF) REPLACES COMPANY'S EXISTING RCF.FACILITY HAS A FIVE YEAR INITIAL TERMINATION DATE EXTENDING MATURITY TO JULY 2023.FACILITY PROVIDES TWO ADDITIONAL ONE-YEAR EXTENSION OPTIONS.RCF IS PROVIDED BY AN INTERNATIONAL SYNDICATE OF SEVEN RELATIONSHIP BANKS.  Full Article

Corbion provides financial guidance for 2018-2021 period
Thursday, 9 Nov 2017 01:00am EST 

Nov 9 (Reuters) - CORBION NV ::FOR 2018-2021 AIMS TO PAY OUT ANNUALLY A STABLE TO GRADUALLY INCREASING ABSOLUTE DIVIDEND AMOUNT PER SHARE‍​.INNOVATION PLATFORMS EBITDA MAXIMUM LOSS IS NOT EXPECTED TO EXCEED € -35 MILLION PER ANNUM FOR THE YEARS 2018 AND 2019 ‍​.2018-2021 GUIDANCE: INGREDIENT SOLUTIONS: NET SALES GROWTH OF 2-4% PER ANNUM‍​.2018-2021 GUIDANCE IN INGREDIENT SOLUTIONS: MAINTAINING EBITDA MARGIN >19% AND ROCE >20% PER ANNUM DURING PERIOD.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: NET SALES GROWTH (INCL. PROPORTIONATELY CONSOLIDATED JVS) 10-30% PER ANNUM.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: EBITDA (INCLUDING PROPORTIONATELY CONSOLIDATED JVS) APPROACHING BREAK-EVEN IN 2021.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: EBITDA MAX. LOSS NOT EXPECTED TO EXCEED €-35 MILLION PER ANNUM FOR YRS 2018 AND 2019.2018-2021 GUIDANCE IN INNOVATION PLATFORMS: RECURRING CAPEX (INCLUDING PROPORTIONATE SHARE IN JV CAPEX) OF €20-30 MILLION PER ANNUM.  Full Article

Corbion 9M sales down 0.7% at 680.5 million euros
Friday, 27 Oct 2017 01:00am EDT 

Oct 27 (Reuters) - CORBION NV : :SALES OF EUR 680.5 MILLION IN FIRST 9 MNTHS OF 2017, DECREASE OF 0.7% COMPARED TO SAME PERIOD IN 2016​.‍ORGANIC SALES GROWTH IN Q3 WAS FLAT​.9MONTH OPERATING RESULT EUR ‍​102.5 MILLION VERSUS EUR 93.1 MILLION YEAR AGO.OUTLOOK FOR 2017 IS UNCHANGED.‍EBITDA EXCLUDING ONE-OFF ITEMS IN FIRST 9 MTHS DECREASED BY 3.6% TO EUR 129.9 MILLION​.  Full Article

Corbion approved as highest bidder in sale of microalgae specialist Terravia
Friday, 15 Sep 2017 08:56pm EDT 

Sept 15 (Reuters) - Corbion NV -:Reg-Corbion approved as highest bidder in sale of innovative microalgae specialist Terravia.US bankruptcy court for district of Delaware approved Corbion as successful bidder and authorized Terravia to consummate sale to co.Corbion's offer in auction was composed of approximately US$ 20 mln in cash.  Full Article