News
Corbion organic sales grow, currency causes decline
14 Aug 2018For the first half of 2018, Corbion has reported sales of €439.2 million, a decrease of 4.9% compared to H1 2017 - entirely due to negative currency effects, the company said.
![Corbion organic sales grow, currency causes decline](/img/ingnet-logo.png)
For the first half of 2018, Corbion has reported sales of €439.2 million, a decrease of 4.9% compared to H1 2017 - entirely due to negative currency effects, the company said. Organic sales growth was 3.1%. Volume growth was 6.6%. EBITDA excluding one-off items in H1 2018 decreased by 19.0% to €71.5 million due to negative currency effects and the inclusion of the Algae Ingredients business. Organic EBITDA excluding one-off items increased by 1.2% in H1 2018.
"I am happy to report that we have seen a continuation of improving organic sales growth rates in our Food business segment which returned to growth in Q2 after a challenging period,” said Tjerk de Ruiter, CEO. “In the first half year, Corbion performed within the sales growth rate target bandwidth of our Creating Sustainable Growth strategy. Margins in Ingredient Solutions remained at a healthy level of around 20%. As expected, our profitability in Innovation Platforms is adversely impacted by the inclusion of the newly acquired Algae Ingredients business which is in an early stage of development. We believe that this platform offers many exciting growth opportunities for Corbion, leveraging our expertise of running industrial scale organic acid operations.”Related news
![Nestlé launches GLP-1 Nutrition initiative](/47/pdcnewsitem/12/48/15/th124815.png)
Nestlé launches GLP-1 Nutrition initiative
4 Jul 2024
Nestlé Health Science has introduced GLP-1 Nutrition, an initiative to support consumers during their weight loss efforts, building on the recent launch of its Vital Pursuit product range. “Nutrition, science, and wellness must merge – not collide,” it...
Read more![Fibre-filled bread leads health-conscious baked buys in Asia](/47/pdcnewsitem/12/46/45/th124645.png)
Fibre-filled bread leads health-conscious baked buys in Asia
17 Jun 2024
Value revolves around better-for-you bakery claims and nutritious seed-rich loaves as consumers seek less sugar and more fibre from their baked goods, according to Mintel.
Read more![Roquette to acquire IFF Pharma Solutions in $2.85bn deal](/47/pdcnewsitem/12/46/72/th124672.png)
Roquette to acquire IFF Pharma Solutions in $2.85bn deal
14 Jun 2024
Roquette's acquisition of IFF Pharma Solutions, which makes excipients, flavours, and functional ingredients, will strengthen its position in the health and nutrition markets, it says.
Read more![Consumers dislike faba beans’ sensory profile](/47/pdcnewsitem/12/45/47/th124547.png)
Consumers dislike faba beans’ sensory profile
3 Jun 2024
Consumers display low acceptance of faba beans, with sensory properties such as bitterness a core concern, a study suggests. However, for product varieties such as cocoa-free chocolate, this attribute could prove to be a benefit.
Read more![Food scientists uncover new way to preserve nutrient and flavour quality](/47/pdcnewsitem/12/45/35/th124535.png)
Food scientists uncover new way to preserve nutrient and flavour quality
29 May 2024
Researchers have developed a method that guarantees food safety for low-moisture products, such as dried milk, while maximising quality by retaining vitamins, minerals, and flavours, they say.
Read more![Functional snacks tailored to meet the nutritional needs of children](/47/pdcnewsitem/12/44/38/th124438.png)
Functional snacks tailored to meet the nutritional needs of children
22 May 2024
Ready, a US-based active nutrition brand has launched its latest product, Clean Kids whole grain protein bars, which it claims are tailored to meet the nutritional needs of active children.
Read more![Mental health crisis presents challenges and opportunities for US supplement industry](/47/pdcnewsitem/12/44/36/th124436.png)
Mental health crisis presents challenges and opportunities for US supplement industry
20 May 2024
Growing numbers of Americans are experiencing mental health problems and supplements can help relieve people from the symptoms of anxiety, depression and insomnia. Nutrition Business Journal's Mood and Mental Health Report explores the macro trends dri...
Read more![Mintel’s most innovative food and drink of 2024: Part II – Bakery, dairy, ready meals, and more](/47/pdcnewsitem/12/44/31/th124431.png)
Mintel’s most innovative food and drink of 2024: Part II – Bakery, dairy, ready meals, and more
16 May 2024
The Mintel Most Innovative Food and Drink 2024 showcase features eleven novel products that stand out as particularly disruptive and compelling. In part II of this roundup, we explore the most innovative bakery, dairy, meals and meal components, pet fo...
Read more![Mintel’s most innovative food and drink of 2024: Part I – Snacks and beverages](/47/pdcnewsitem/12/44/30/th124430.png)
Mintel’s most innovative food and drink of 2024: Part I – Snacks and beverages
15 May 2024
Despite stalled new product development and a challenging market for food and drinks brands, many creative and disruptive new products have hit the shelves around the world. Mintel analysts have picked the most innovative snacks and beverages.
Read more![Which ingredients are most effective to improve sleep?](/47/pdcnewsitem/12/42/43/th124243.png)
Which ingredients are most effective to improve sleep?
6 May 2024
Stress and anxiety are increasingly impacting people’s sleep quality, which is creating opportunities for new product development. From gingko biloba to vitamin B, Ingredients Network looks at which science-backed nutrients and botanicals are most like...
Read more