News
Currency causes Corbion sales decline
2 May 2018Corbion has reported sales of € 213.0 million in the first quarter of 2018, a decrease of 7.4% due to currency effects. Organic sales growth was 2.5%, due to a strong increase in Biochemicals and Innovation Platforms.
Corbion has reported sales of € 213.0 million in the first quarter of 2018, a decrease of 7.4% due to currency effects. Organic sales growth was 2.5%, due to a strong increase in Biochemicals and Innovation Platforms. EBITDA excluding one-off items decreased by 19.2% to € 38.6 million due to currency effects and higher input costs.
"The start of the year saw a continued positive momentum with organic sales growth recovery in Ingredient Solutions, that has returned to the 2-4% target range,” said Tjerk de Ruiter, CEO. “As anticipated, a weaker US dollar and negative raw material price effects have put pressure on our Ingredient Solutions EBITDA, nevertheless we were able to maintain a healthy margin in this business segment. We are experiencing improving market dynamics in bioplastic PLA, which is encouraging for the future development of our PLA joint venture plant, which is scheduled to open later this year."Companies mentioned
Related news
Oat Barista: Innovation for game-changing beverages
20 Nov 2025
Oat Barista is a clean label, sustainable, and innovative drink base specifically designed to create the perfect foam in one single ingredient.
Read more
How younger consumers are redefining ingredient choices and rejecting brand loyalty
18 Nov 2025
Gen Z and millennial consumers’ preferences for transparency, functionality, and purpose are “redefining the very nature of consumption itself”, says SPINS.
Read more
Hybrid formats and flexible positioning to disrupt category norms in 2026
17 Nov 2025
Trend forecasters expect food and drink to move more fluidly across occasions, functions, and formats as consumers seek versatility, novelty, and convenience.
Read more
Danone highlights digestive health as potential ‘tipping point’ for food industry
13 Nov 2025
Danone is betting on a food industry “tipping point” that will bloat the market for healthy products, particularly those related to gut health.
Read more
New UPF standard hoped to offer consumers ‘coherence and clarity’
10 Nov 2025
Ingredients companies are being urged to enter “a new era of partnership and innovation” following the launch of the industry’s first non-UPF verification scheme.
Read more
Faravelli at Fi Europe: Showcasing FARA® functional solutions for food and nutra
28 Oct 2025
At Fi Europe 2025 in Paris (stand 72M39), Faravelli showcases FARA® Customized Functional Solutions and a wide ingredient portfolio for food and nutra – delivering quality, innovation, and expertise.
Read more
Agrigum Redefined FIBER
27 Oct 2025
Agrigum has transformed gum acacia into a natural, science-backed fibre that supports gut health, sustainability, and innovation across global food and nutrition applications.
Read more
Expanding boundaries in food & beverage innovation
23 Oct 2025
IMCD and FrieslandCampina Professional expand partnership to deliver Kievit® across EMEA, enabling brands to enhance quality and accelerate time-to-market for tomorrow’s food & beverage creations.
Read more
Amazon Grocery launch aims to balance quality with affordability
22 Oct 2025
Global e-commerce giant Amazon has introduced a new private-label food brand, combining existing Amazon Fresh and Happy Belly products with new everyday items.
Read more
Powerade enters hydration space with launch of Power Water
21 Oct 2025
Coca-Cola’s Powerade brand has launched a zero-sugar, electrolyte-enhanced functional water, marking the brand's entry into the hydration space.
Read more