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
EFSA to put microplastics under the food safety microscope
6 Mar 2026
EFSA scientists will investigate the health risks of microplastics by 2027 – but what should food brands do in the meantime?
Read more
‘Only … Ingredients’ but more food waste?
5 Mar 2026
British retailer Marks and Spencer has introduced 12 new products to its 'Only … Ingredients' range, as brands are advised to focus on “transparent communication”.
Read more
Are consumers willing to pay for innovative sustainable foods?
4 Mar 2026
Innovative sustainable animal products and plant-based alternatives can plug health and environmental concerns – but consumer willingness to pay for these products remains variable, finds an EU-funded study.
Read more
Lidl top for climate progress – but gaps remain in the retail sector
2 Mar 2026
Lidl is “setting the pace” in Europe's transition towards sustainable food systems. How did other European supermarkets score, according to Superlist Environment Europe 2026?
Read more
What’s the best positioning for healthy indulgent products?
27 Feb 2026
For healthy indulgent products, messaging around enjoyment resonates more strongly than “guilt-free”, according to a study by EIT Food.
Read more
Canada adopts front-of-package nutrition warning labels
19 Feb 2026
Food and drink products in Canada must now carry warning labels for high saturated fat, sugar, and sodium content – a move designed to help consumers make more informed purchasing decisions.
Read more
Tesco hits healthy food sales target
18 Feb 2026
The UK’s largest supermarket chain has achieved its target to increase the proportion of sales from healthier products to 65% by 2025.
Read more
Vitafoods Innovation Awards calling for bright ideas
10 Feb 2026
The Vitafoods Europe Innovation Awards 2026 promote nutraceutical NPD and innovation. Here, some of this year’s jury members discuss what they will be looking out for.
Read more
Digital energy management will fuel food production in 2026
9 Feb 2026
Using AI to manage digital energy consumption in factories is the latest strategy in manufacturers’ toolbox for sustainable operations and efficient energy use.
Read more
How industry can future-proof food procurement
5 Feb 2026
Global food supply chains must adapt procurement strategies to remain resilient and sustainable, according to a World Economic Forum paper.
Read more