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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 Q1 Net Sales down to 213.0 Million Euros
Thursday, 26 Apr 2018 01:00am EDT 

April 26 (Reuters) - CORBION NV ::CORBION NV - REPORTED SALES OF EUR 213.0 MILLION IN Q1 OF 2018, A DECREASE OF 7.4%.CORBION NV - Q1 ORGANIC SALES GROWTH WAS 2.5%.CORBION - START OF YEAR SAW CONTINUED POSITIVE MOMENTUM WITH ORGANIC GROWTH RECOVERY IN INGREDIENT SOLUTIONS, THAT HAS RETURNED TO 2-4% TARGET RANGE.CORBION NV - Q1 EBITDA BEFORE ONE-OFF ITEMS WAS EUR 38.6 MILLION, AN ORGANIC DECREASE OF 1.4%.  Full Article

Corbion NV Q1 Net Sales At EUR 213.0 Million
Thursday, 26 Apr 2018 01:00am EDT 

April 26 (Reuters) - Corbion NV ::Q1 NET SALES EUR 213.0 MILLION VERSUS EUR 229.9 MILLION YEAR AGO.Q1 EBITDA EUR 38.6 MILLION VERSUS EUR 47.8 MILLION YEAR AGO.Q1 OPERATING RESULT EUR 30.0 MILLION VERSUS EUR 41.0 MILLION YEAR AGO.  Full Article

Corbion, Bunge Sign Interim-Agreement On Acquisition Of Bunge's Stake In SB Renewable Oils JV
Thursday, 29 Mar 2018 01:00am EDT 

March 29 (Reuters) - Corbion NV ::CORBION AND BUNGE SIGN INTERIM-AGREEMENT REGARDING THE ACQUISITION OF BUNGE'S STAKE IN SB RENEWABLE OILS JOINT VENTURE.CORBION AND BUNGE ARE 50.1%/49.9% PARTNERS IN SB RENEWABLE OILS.  Full Article

Corbion Net Sales Down At 891.7 Million Euros In 2017
Wednesday, 7 Mar 2018 01:00am EST 

March 7 (Reuters) - CORBION NV ::REPORTED NET SALES OF EUR 891.7 MILLION IN 2017, A DECREASE OF 2.2% COMPARED TO 2016..FY OPERATING RESULT WAS EUR 122.3 MILLION, AN ORGANIC DECREASE OF 2.4%.FY EBITDA EXCLUDING ONE-OFF ITEMS WAS EUR 164.1 MILLION.PROPOSES TO DISTRIBUTE A REGULAR DIVIDEND OF EUR 0.56 PER SHARE..INGREDIENT SOLUTIONS: FOR 2018 CONFIRMS GUIDANCE FOR FOOD AND BIOCHEMICALS FOR SALES GROWTH AND MARGINS‍​.INNOVATION PLATFORMS: H2 OF 2018 SHOULD SEE START-UP OF THE TOTAL CORBION PLA PLANT IN THAILAND.INNOVATION PLATFORMS: 2018 EBITDA LOSS INCL. PROPORTIONATELY CONSOLIDATED JVS NOT EXPECTED TO EXCEED €35 MILLION.INPUT COSTS: DECREASE IN SUGAR PRICES IN 2017 SHOULD START TO POSITIVELY IMPACT RESULTS TOWARDS LATTER PART OF H1 2018.INPUT COSTS: PRICES OF SEVERAL AUXILIARY CHEMICALS AND VITAMINS HAVE BEEN ON RISE, NEGATING SUGAR BENEFITS.  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 acquires Terravia
Friday, 29 Sep 2017 01:00am EDT 

Sept 29 (Reuters) - CORBION NV ::REG-INNOVATIVE MICROALGAE SPECIALIST TERRAVIA ACQUIRED BY CORBION.ANNOUNCED THE COMPLETION OF THE ACQUISITION OF SUBSTANTIALLY ALL ASSETS OF TERRAVIA HOLDINGS (TERRAVIA).CORBION HAS PAID A CASH PURCHASE PRICE OF APPROXIMATELY US$ 20 MILLION..FINANCIAL GUIDANCE: PRO-FORMA(1) EBITDA EXPECTED TO BE POSITIVE FROM 2020 ONWARDS.‍ACQUISITION EXPECTED TO ENHANCE CORBION'S LONG TERM PRO-FORMA SALES GROWTH BY 100BPS P.A​.EBITDA IMPACT: NEGATIVE IN 2017 AND COMING YEARS DUE TO HIGH RESEARCH AND DEVELOPMENT INTENSITY.EBITDA IMPACT RANGE FOR 2017: US$ -7 MILLION TO -12 MILLION.  Full Article

Corbion H1 operating result YTD increases by 10.8%
Wednesday, 9 Aug 2017 01:00am EDT 

Aug 9 (Reuters) - CORBION NV ::REG-CORBION FIRST HALF 2017 RESULTS.H1 NET SALES ORGANIC GROWTH YTD WAS -0.9%; VOLUME GROWTH WAS -1.6%.H1 OPERATING RESULT YTD EUR 73.1 MILLION VERSUS EUR 63.4 MILLION YEAR AGO.H1 EBITDA BEFORE ONE-OFF ITEMS YTD WAS EUR 88.3 MILLION, AN ORGANIC DECREASE OF 6.2%.H1 ONE-OFF ITEMS AT EBITDA LEVEL OF EUR 6.0 MILLION, MOSTLY IN CONNECTION WITH NEWLY FOUNDED TOTAL CORBION PLA JOINT VENTURE.H1 OPERATING RESULT YTD WAS EUR 73.1 MILLION, AN ORGANIC INCREASE OF 10.8%.OUR OUTLOOK FOR 2017 IS UNCHANGED.  Full Article

Corbion signs agreement to bid for substantially all of the assets of Terravia
Wednesday, 2 Aug 2017 12:43am EDT 

Aug 2 (Reuters) - Corbion NV - :REG - Corbion signs agreement to bid for substantially all of the assets of innovative microalgae specialist TerraVia.Corbion offered a cash purchase price of approximately $20 million.Corbion NV - execution of stock and asset purchase agreement subject to a sale process to be conducted under section 363 of U.S. Bankruptcy code.As TerraVia's operations are currently loss making, expects financial commitments to be substantially in excess of purchase price..TerraVia announced it filed a voluntary petition under chapter 11 of U.S. Bankruptcy code on 2 August, 2017.  Full Article

Corbion to list 2,027,017 new shares following conversion of convertible bonds - Euronext
Monday, 26 Jun 2017 03:52am EDT 

June 26 (Reuters) - Euronext::CORBION NV <<>> TO LIST 2,027,017 NEW ORDINARY SHARES ON EURONEXT AMSTERDAM AS OF JUNE 27 FOLLOWING CONVERSION OF NON LISTED CONVERTIBLE BONDS .  Full Article

BRIEF-Corbion, Bunge Sign Interim-Agreement On Acquisition Of Bunge's Stake In SB Renewable Oils JV

* CORBION AND BUNGE SIGN INTERIM-AGREEMENT REGARDING THE ACQUISITION OF BUNGE'S STAKE IN SB RENEWABLE OILS JOINT VENTURE