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1. Accounting information

General

Corbion is the global market leader in lactic acid and lactic acid derivatives and a leading supplier of food preservation solutions, functional blends, and algae ingredients. Leveraging our advanced capabilities in fermentation and preservation technology, we help customers differentiate their products in diverse markets ranging from food and animal nutrition to home & personal care, pharmaceuticals, electronics, medical devices, and bioplastics.

Corbion is based in Amsterdam, the Netherlands and listed on Euronext Amsterdam.

These consolidated financial statements cover the year 2023, which ended at the balance sheet date of 31 December 2023. The consolidated financial statements drawn up by the Board of Management have been approved by the Supervisory Board on 29 February 2024. They will be presented to the annual General Meeting of Shareholders for adoption on 15 May 2024. The Supervisory Board will give a preliminary recommendation regarding the consolidated financial statements to the annual General Meeting of Shareholders.

Reported amounts

Unless stated otherwise all amounts in the financial statements are reported in millions of euros.

Exchange rates of main currencies in euros

 

Average exchange rate 2023

Average exchange rate 2022

Exchange rate 31-12-2023

Exchange rate 31-12-2022

US dollar

1.08

1.05

1.11

1.06

Japanese yen

151.89

137.99

156.57

142.24

Brazilian real

5.40

5.44

5.37

5.54

Thai baht

37.62

36.86

38.00

36.88