Brief: Corbion Eyes 2023 Organic Adjusted Core Activities EBITDA Growth Of 15-20%

Corbion NV

03/03/2023 06:11

March 3 (Reuters) - Corbion NV  CORB.AS :
    * REG-CORBION: FULL YEAR 2022 RESULTS
    * FY TOTAL NET SALES GROWTH OF 36.2% AT EUR 1,457.9 MILLION
(FY
2021: EUR 1,070.8 MILLION)
    * PROPOSED REGULAR CASH DIVIDEND OF EUR 0.56 PER SHARE
    * ADVANCE 2025 STRATEGY IMPLEMENTATION AND UPDATED
OBJECTIVES
REMAIN ON TRACK
    * NEAR-TERM GUIDANCE AND MEDIUM TARGETS ARE UNCHANGED
    * IN 2023, WE EXPECT AN ORGANIC SALES VOLUME/MIX GROWTH OF
5%-8%
IN THE CORE BUSINESS IN LINE WITH OUR MULTI-YEAR GUIDANCE
PROVIDED AT THE RECENT CAPITAL MARKETS DAY UPDATE (
    * WE ARE EXPECTING ORGANIC ADJUSTED EBITDA GROWTH FOR OUR
CORE
ACTIVITIES TO BE IN THE RANGE OF 15 – 20% FOR THE FULL YEAR, IN
LINE WITH OUR PREVIOUSLY COMMUNICATED MULTI-YEAR GUIDANCE
    * THE ESTIMATED CAPITAL EXPENDITURE FOR 2023 IS BETWEEN €160
TO
190 MILLION
    * FY FREE CASH FLOW WAS €-160.1 MILLION (FY 2021: €-97.0
MILLION)
    * FY DILUTED EPS EUR 1.51

Source text for Eikon:  ID:nGNE3qBJLb 
Further company coverage:  CORB.AS 

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