Natural Preservation Growth Supports Corbion’s Food Business in Q2
Corbion reported growth in natural preservation applications for bakery and new bakerycustomer wins during the second quarter of 2026, as group organic sales increased by 8. 5%. The ingredients supplier. . .
Corbion reported growth in natural preservation applications for bakery and new bakerycustomer wins during the second quarter of 2026, as group organic sales increased by 8. 5%. The ingredients supplier generated second-quarter sales of €337. 4 million, up 6. 8% on areported basis from €315. 9 million a year earlier. The organic increase reflected volume andmix growth of 10. 7%, partly offset by a 2. 2% decline in pricing. Adjusted EBITDA reached €51 million, compared with €52. 2 million in the second quarter of2025. Although this represented a reported decline of 2. 3%, adjusted EBITDA increased by4. 2% organically. The group’s adjusted EBITDA margin fell to 15. 1% from 16. 5% a yearearlier. Corbion’s Functional Ingredients & Solutions segment, which includes its Food business,recorded second-quarter sales of €256. 7 million, up from €240. 5 million. Organic growthwas 8. 4%, while adjusted EBITDA increased to €29. 4 million from €28. 1 million. Thesegment’s adjusted EBITDA margin was 11. 5%, compared with 11. 7% a year earlier. Growth across the segment was not attributable solely to bakery. Corbion said it was drivenby higher volumes in lactic acid supplied to its PLA joint venture, Biochemicals, naturalpreservation and functional blends. Related ArticlesWithin Food specifically, sales increased year on year, supported by volume and mix growthin natural preservation applications, particularly in bakery, pet food and seafood. Thecompany also reported bakery customer wins, including protein-enriched formulations,which helped offset weaker North American conditions in processed meat. Corbion did notdisclose the value of those bakery contracts or quantify bakery’s contribution to Food orgroup sales. For the first half of 2026, Corbion reported sales of €631. 1 million, down 2. 2% from €645. 6million on a reported basis but up 2. 1% organically. Volume and mix rose by 4%, whilepricing declined by 1. 9%. First-half adjusted EBITDA decreased to €88. 8 million from €106. 6 million. The decline was16. 7% on a reported basis and 8% organically. Operating profit fell to €42. 1 million from€63. 5 million, while the adjusted EBITDA margin declined to 14. 1% from 16. 5%. Chief executive Olivier Rigaud said: “In the second quarter, we delivered strong organic salesgrowth of +8. 5% supported by momentum in both Functional Ingredients & Solutions andHealth & Nutrition, partly driven by as-expected phasing. ”Corbion maintained its full-year organic sales growth outlook of 3–6% and free cash flowguidance of €85–90 million. However, it revised its adjusted EBITDA margin forecast toabove 16%, from approximately 17%. The company attributed the change to the unforeseen effects of the war in the Middle Easton certain raw material, freight and energy costs. Corbion expects second-half margins to exceed first-half levels, supported by continued growth in Food, selected price increases, cost-saving measures, lower sugar costs and an anticipated recovery in Health & Nutrition margins.