Corbion Q1 2017 Interim Management Statement
(Thomson Reuters ONE) -
Corbion reported sales of ? 229.9 million in the first quarter of 2017, an
increase of 0.7%. Organic sales growth was -2.3%, mostly due to a volume
decrease in Food, partly offset by an increase in Biochemicals. EBITDA excluding
one-off items increased by 9.4% to ? 47.8 million.
"The start of the year has been encouraging in all segments, except for Bakery,
which fell short of our expectations. Profitability exceeded expectations as mix
improvements continued to push underlying margins higher. The PLA joint venture
with Total became operational in early March", commented Tjerk de Ruiter, CEO.
Key financial highlights first quarter of 2017:
* Net sales organic growth was -2.3%; volume growth was -2.9%
* EBITDA before one-off items was ? 47.8 million, an organic increase of 9.4%
* EBITDA margin before one-off items was 20.8%
* Positive one-off items of ? 5.3 million related to the establishment of the
PLA joint-venture with Total
* Operating result was ? 41.0 million, an organic increase of 28.6%
Key figures
? million Q1 2017 Q1 2016 Total growth Organic growth
Net sales 229.9 228.3 0.7% -2.3%
EBITDA excluding one-off items 47.8 43.7 9.4% 5.1%
EBITDA margin excluding one-off 20.8% 19.1%
items
Operating result 41.0 30.8 33.1% 28.6%
PDF-version of press release:
http://hugin.info/160089/R/2098265/794638.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Corbion via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 25.04.2017 - 07:00 Uhr
Sprache: Deutsch
News-ID 537968
Anzahl Zeichen: 2151
contact information:
Town:
Amsterdam
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Corbion Q1 2017 Interim Management Statement"
steht unter der journalistisch-redaktionellen Verantwortung von
Corbion (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
