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Corbion reports strong second quarter

Corbion has reported Q2 2015 sales of €232.3 million, an increase of 23.4% compared to Q2 2014. Organic sales growth was 4.5%, mostly driven by volume growth. EBITDA excluding one-off items in Q2 2015 increased by 49.6% to €40.1 million. Organic EBITDA growth in Q2 2015 amounted to 23.1%. “We can look back on a […]

Corbion has reported Q2 2015 sales of €232.3 million, an increase of 23.4% compared to Q2 2014. Organic sales growth was 4.5%, mostly driven by volume growth. EBITDA excluding one-off items in Q2 2015 increased by 49.6% to €40.1 million. Organic EBITDA growth in Q2 2015 amounted to 23.1%.

“We can look back on a strong second quarter,” said Tjerk de Ruiter, CEO. “Biobased Ingredients delivered organic sales growth close to the upper bound of the 2015-2018 guidance CAGR range. EBITDA grew strongly, driven by organic growth, the continuing strength of the US dollar, and the benefits of our productivity improvement program Streamline, which are coming through at a more rapid pace than initially expected. We are making good progress with the execution of our strategy.”

For 2015, for its business segment Food, Corbion anticipates growth at the upper half of its guidance range.