Corbion, the Amsterdam-listed sustainable ingredients company that champions preservation through application of science, publishes its results for the year ending December 31, 2024.

Key highlights annual results for 2024:

Organic sales growth: +2.2% (Q4: +1.3%)

Volume/mix: +5.2% (Q4: +2.9%)

Price: -3.0% (Q4: -1.6%)

Commenting on the results, Olivier Rigaud, chief executive officer, stated: “I am pleased to share that in 2024, Corbion successfully met its upgraded targets for sales and Adjusted EBITDA, while significantly surpassing our free cash flow target. We achieved organic sales growth and double-digit increases in both Adjusted EBITDA and Adjusted Operating Profit. Our strong volume/mix performance, our focus on operational efficiencies, the successful implementation of our restructuring program, and our capex discipline resulted in the significant increase in free cash flow.

“In functional ingredients & solutions, sales declined slightly as growth in volume/mix was offset by a decline in pricing. We achieved volume/mix growth in our food business, including in our product/market adjacencies-- namely dairy stabilizers, natural antioxidants, natural mold inhibitors, and dough conditioners.”

“For the full-year 2025, we anticipate organic volume/mix growth to be in the range of 2-6%, in line with guidance presented at our CMD 2024, driven by strong ongoing growth in health & nutrition and continued positive momentum in functional ingredients & solutions.”