the year. Adjusted EBITDA in 2019 increased organically by 7.8% to € 145.9 million. These results are in line with the earlier management update of
Key financial highlights FY 2019:
- Net sales organic growth was 2.5%; volume growth was 3.4%
- Adjusted EBITDA was € 145.9 million (FY 2018: € 131.6 million), an organic increase of 7.8% (including 6.1% positive effect from IFRS 16 implementation)
- Adjusted EBITDA margin was 14.9% (FY 2018: 14.7%)
- Adjustments at EBITDA level of € +18.4 million
- Impairment of € 41.4 million related to our Algae business
- Operating result was € 61.3 million (FY 2018: 87.9 million)
- Free cash flow was € 9.6 million (FY 2018: € 11.9 million); the decline is mostly due to the acquisition of Granotec do
Brazil (25 April 2019 ) - Net debt/EBITDA at year-end was 2.0x (year-end 2018: 1.6x)
Attachment
- 20190309 Corbion FY2019 PR final ENG
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