Corbion reports annual net sales decline

Corbion has reported net sales of €891.7 million in 2017, a decrease of 2.2% compared to 2016. Organic net sales growth in Q4 was 0.4%. EBITDA excluding one-off items in 2017 decreased by 3.5% to €164.1 million.

Corbion reports annual net sales decline

Corbion has reported net sales of €891.7 million in 2017, a decrease of 2.2% compared to 2016. Organic net sales growth in Q4 was 0.4%. EBITDA excluding one-off items in 2017 decreased by 3.5% to €164.1 million.

"I am pleased to see the positive sales momentum continuing in Ingredient Solutions in the second half of 2017,” said Tjerk de Ruiter, CEO. “Our performance in 2017 was satisfactory except for the volume developments in Bakery. Growth in Meat and Biochemicals was encouraging. We accelerated our efforts in Innovation Platforms with the establishment of the Total Corbion PLA joint venture, and the acquisition of an algae ingredients platform. In November we presented our 'Creating Sustainable Growth' strategy for the 2018-2021 period.”