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Nov 1 2019, 08:45 GMT
Corbion
AlgaPrime in focus
DAVY VIEW
While Corbion’s Q3 EBITDA was modestly ahead of expectations, slower-than-expected growth (demand-pull) for AlgaPrime is a cause for concern. Corbion is transitioning a new CEO who has inherited a well-defined strategy – executing on the higher-risk Innovation Platforms agenda will be key. The core Food business remains solid. We envisage no material changes to our underlying EBITDA forecasts.
