Brief: Corbion Remains With Earlier 2023 Guidance

Corbion NV

26/10/2023 06:10

Oct 26 (Reuters) - Corbion NV  CORB.AS :
    * CORBION NV - WE ANTICIPATE TO PRESENT OUR PLANS IN GREATER
DETAIL ON 31ST JANUARY 2024
    * CORBION NV - OUTLOOK 2023: CORE ADJUSTED EBITDA ORGANIC
GROWTH
TOWARDS THE LOW END  OF THE 15-20% RANGE
    * CORBION NV - OUTLOOK 2023: SALES - WE REMAIN WITH OUR
EARLIER
GUIDANCE
    * CORBION NV - OUTLOOK 2023: ESTIMATED CAPITAL EXPENDITURE
FOR 
2023 IS LOWERED TO AROUND € 130 MILLION
    * CORBION NV - OUTLOOK 2023: COVENANT NET DEBT/COVENANT
EBITDA
RATIO AROUND THIGH END OF THE PREVIOUS GUIDED RANGE  2.8-3.2X 
    * CORBION NV - OUTLOOK 2023: FREE CASH FLOW IS ANTICIPATED
TO BE
POSITIVE IN H2 AND APPROACH BREAK-EVEN FOR THE  FULL YEAR
    * CORBION NV - FCF EXPECTED TO CONTINUE TO TREND UPWARDS IN
2024
AND BEYOND

Source text for Eikon:  ID:nGNE8p156J 
Further company coverage:  CORB.AS 

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