Corbion NV (CSNVY) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Corbian's first quarter 2025 interim management statement conference call. This morning, we published our Q1 2025 results. The press release and presentation can be found on our website at www.corbian.com, investor relations, financial publications. Before we begin, please note that today's discussion will include forward-looking statements based on current expectations and assumptions. These statements involve risks and uncertainties that may cause actual results to differ materially from those expressed. Factors beyond our control, including market conditions, economic changes, and regulatory actions, can impact outcomes. Corbian does not undertake any obligation to update statements made in this call or contained in today's press release and presentation. For more details on our assumptions and estimates, please refer to our annual reports. This is Alex Sokolsky, head of IR, and with me on the call are Olivier Rigaud, chief executive officer, and Peter Kazius, chief financial officer. Now, I'd like to hand over the call to Olivier. Good morning, everyone, and thank you for joining us today for Corbeon's Q1 2025 earning calls. Let's start with some key highlights from our latest results. I'm very pleased to report that this quarter, we've seen accelerated organic sales growth 7.9%, driven by strong performance across our two business units. Our adjusted EBITDA reached €54.4 million with a margin of 16.5% for the group. Our free cash flow for the quarter was €8.6 million. This is a great set of results, and I would like to acknowledge the great effort of the Corbium team in delivering it. Going a bit into the divisions, Starting with functional ingredients and solution, we achieved organic sales growth of 5.8%, driven predominantly by a s...