For its strategic decision-making process Corbion distinguishes between Ingredient Solutions and Innovation Platforms. For IFRS segmentation purposes Ingredient Solutions has been segmented into two further businesses, Food and Biochemicals.
In the Food segment, we are a global supplier of food ingredient solutions for leading food manufacturers. We strive to be the leader in keeping food tasty, fresh, and safe from date of production to day of consumption. With our proven food solutions, we enable our customers to make conscious choices that grow their business in a sustainable way, reducing food waste and creating affordable products (in the bakery, meat, beverage, confectionery, and dairy markets).
In the Biochemicals segment, the inherent safety, sustainability, and performance of our products is what sets us apart, driven by a passion for finding better solutions and new opportunities for our customers. Our continuous focus on sustainable practices, our use of renewable feedstocks, and our rich heritage in lactic acid form the foundation for our biochemical applications in a wide array of industries, encompassing (agro)chemicals, resin adhesives, electronic components, pharmaceuticals, home & personal care products, and animal health & nutrition. We are constantly exploring opportunities to bring the benefits of our products and solutions to our customer's applications.
Our Innovation Platforms business unit creates new business platforms to deliver long-term value, applying disruptive technologies built on decades of experience in fermentation and industrial-scale manufacturing. Collaborating with like-minded partners we support our customers to make conscious choices, so they can create better, more sustainable products, based on renewable resources. We believe in a circular economy, where our innovations can help improve quality of life – both today and for future generations. Total Corbion PLA bv, our 50/50 joint venture with Total for the production and marketing of poly lactic acid (PLA) polymers and lactide monomers for bioplastic solutions, is functionally part of Innovation Platforms. The business unit also comprises our Algae Ingredients business and our longer-term development programs such as FDCA, a biobased building block with unique properties in (bio)polymers and a potential replacement for purified terephthalic acid (PTA), our gypsum-free lactic acid production process, and use of alternative feedstocks such as agricultural residues, to make lactic acid.
Transfer prices between operating segments are on an arm’s length basis in a manner similar to transactions with third parties.
Segment information by business area
Ingredient Solutions 1
Corbion total operations
Income statement information
Adjusted operating result
Adjustments to operating result
Alternative non-IFRS performance measures
Adjustments to EBITDA
Ratios alternative non-IFRS performance measures
EBITDA margin %
Adjusted EBITDA margin %
- 1 Includes Food and Biochemicals segments
Corbion generates almost all of its revenues from the sale of goods.
Information on the use of alternative non-IFRS performance measures
EBITDA is the operating result before depreciation, amortization, and impairment of (in)tangible fixed assets.
EBITDA margin is EBITDA divided by net sales x 100.
Segment information by geographical region
Rest of Europe
Corbion total operations
The above information is based on the geographical location of the assets. Non-current assets exclude those relating to financial instruments, deferred tax assets, and post-employment benefit assets.