Corbion: full year 2023 results [Yahoo! Finance]
CORBION NV UNSP/ADR (CSNVY)
NASDAQ:AMEX Investor Relations:
corbion.com/investor-relations
Company Research
Source: Yahoo! Finance
Key highlights annual results 2023: Sales € 1,443.8 million; an organic increase of 1.2% Adjusted EBITDA € 191.8 million; an organic increase of 10.3% Operating profit € 117.2 million; an organic increase of 20.8% Organic growth core activities: Sales 3.0% & Adjusted EBITDA 16.2% Q4 2023: Sales € 352.8 million and Adjusted EBITDA € 49.0 million Organic growth core activities: Sales -0.5% & Adjusted EBITDA 29.3% Free Cash Flow full year € 18.6 million Covenant net debt/covenant EBITDA improved to 3.1x at year-end Proposed regular cash dividend of € 0.61 per share, an increase of 9% versus prior year reflecting the positive free cash flow momentum World leading lactic acid plant in Thailand mechanical completed in December 2023 according to schedule Divestment of Emulsifiers announced, completion anticipated in Q2 2024 € million YTD 2023 YTD 2022 Total growth Organic growth Sales Adjusted EBITDA Adjusted EBITDA margin Operating profit Core ac
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