Refile: BUZZ-Corbion slips on lowered EBITDA margin guidance, weak cash

Corbion NV

31/07/2026 10:04

Removes extraneous word in headline, fixes spelling
** Shares in Corbion CORB.AS slip 4.5% after the company lowered its FY 2026 guidance, weak cash generation
** The Dutch ingredients maker lowers FY adjusted EBITDA margin guidance to above 16% from around 17%, citing rising costs 
** It says lower guidance reflects macroeconomic uncertainty and unforeseen cost pressures stemming from the Middle East war
** Degroof also points to a weak cash generation for Q2, flagging strong working capital outflow resulting in a €79 mln ($91 mln) rise in net debt to €482 mln
** "The absence of an update on the PLA joint venture disposal and a Health & Nutrition margin miss may also be weighing on the shares," Degroof Petercam analyst Fernand de Boer says
** KBC Securities and Degroof Petercam maintain a buy rating on the stock, the former noting that "valuation is undemanding" while the latter says margin guidance cut is in line with CSS estimates 
     
($1 = 0.8679 euros)

 (Reporting by Clement Martinot)
 ((Clement.Martinot@thomsonreuters.com;))