Berenberg cuts Corbion on algal oil profitability concerns

Corbion NV

15/04/2025 07:04

** Berenberg downgrades Dutch chemicals company Corbion CORB.AS to "sell" from "hold" citing concerns over algal oil profitability

** Berenberg says that potential re-pricing of algal oil contracts for salmon may lead to lower prices, negatively impacting Corbion's earnings

** The brokerage also notes a decline in polylactic acid (PLA) prices, which could further pressure Corbion's joint venture with TotalEnergies

** "We believe that consensus earnings following 2025 are far too optimistic," Berenberg says in a note

** Out of seven analysts that cover Corbion, five rate the stock "strong buy" or "buy,"​ and two​ rate it "strong sell" or "sell"

 (Reporting by Hugo Lhomedet)

 ((Hugo.Lhomedet@thomsonreuters.com;))