Amsterdam, the Netherlands 21 April 2017, 08.00 CET
Avantium N.V. (Euronext Amsterdam and Brussels: AVTX) (“Avantium” or “the Company”), a leading chemical technology company and forerunner in renewable chemistry, today reports its full year results 2016.
Key indicators 2016:
- Consolidated revenues increased 2% to € 10.5 million (FY 2015: € 10.3 million).
- Extra funding of € 20 million in place by Convertible Loan Agreement (CLA) with PMV, FPIM and (certain) existing shareholders.
- Accomplished Joint Venture with BASF enables next step towards commercialization YXY technology.
- Acquisition of assets Liquid Light strengthens electrochemistry activities.
 This convertible loan agreement fully converted into ordinary shares at IPO on 15 March 2017.