With Vision 2010 – Building on Strengths DSM expects to create substantial
value. The company has set itself the objective of creating more value through
higher profitability.
Specific margin targets
Specific margin targets will apply for the various clusters. The new
clustering of businesses will allow for more tailored EBITDA/sales margin
objectives per cluster:
Original target
New target Sep 2007
Nutrition
>18%
>18%
Pharma
>18%
>19%
Performance Materials
≥ 16%
>17%
Industrial Chemicals
≥14% (on average over the cycle)
Polymer Intermediates
>13% (average)
Total Shareholder Return
By realizing these value creation targets, DSM aims to achieve a Total
Shareholder Return that exceeds the average of DSM’s peer group.
