Significant progress in renewable chemistries and catalysis

AMSTERDAM, 28 March 2018 – Avantium N.V., (Euronext Amsterdam and Brussels: AVTX), a leading chemical technology company and forerunner in renewable chemistry, today reports 21% growth in revenues for 2017, strong demand for its catalysis systems and significant progress in its key renewable chemistries programs.

Full-year highlights:

  • Consolidated revenues from continuing operations up 21% to €12.7 million
  • €109 million gross proceeds raised with listing on Euronext Amsterdam and Brussels
  • Cash position improved to €100.2 million at end-2017 (2016: €14.2 million)
  • Catalysis strong performance: revenue up 22%
  • Renewable Chemistries: progress made on construction of Zambezi pilot plant, engineering of Mekong pilot plant started, new government grants obtained for Volta program
  • €25 million EU grant for Synvina, Avantium/BASF renewable plastics joint venture; delay of 24-36 months to start-up of its reference plant announced January 2018
  • Focus for 2018 remains on providing full support to Synvina in executing its strategy, continued top-line and bottom-line growth in Catalysis, completion and start-up of Zambezi pilot plant, and investment decision for Mekong pilot plant

 

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