Heerlen, NL, 28 Apr 2010 08:15 CEST
Commenting on the results, Feike Sijbesma, Chairman of the DSM Managing Board, said: “I am pleased to report that DSM has delivered a very strong start to 2010. Operating profit from our core businesses is not only up very strongly compared to Q1 2009, it has also returned to the level achieved in Q1 2008. This reflects the outstanding performance of our Nutrition business, a continuing strong recovery in our Materials Sciences businesses and cost savings initiatives taken last year which already deliver €200 million on an annualized basis.
“Throughout the downturn, DSM has stayed the course - fully committed to our customers, innovation and sustainability. The announced sale of DSM Agro and DSM Melamine marks another important step in our transformation towards a Life Sciences and Materials Sciences company. Whilst uncertainties remain in the medium term economic outlook, the strong Q1 result and continued positive business conditions give us confidence that 2010 will be a good year for DSM.”
|in € million||Q1 2010||Q1 2009||+/-|
|Operating profit before depreciation & amortization (EBITDA)||304||142||114%|
|Operating profit (EBIT)||196||44||345%|
|Base Chemicals and Materials||18||-15|
|Operating profit before depreciation & amortization (EBITDA)||31||25|
|Operating profit (EBIT)||22||13|
|Operating profit (EBIT)||218||57||282%|
|Net profit before exceptional items||144||25||476%|
|Net result from exceptional items||-14||-12|
|Net earnings per ordinary share in €:|
|before exceptional items, continuing operations||0.77||0.07|
|including exceptional items, total DSM||0.78||0.06|
You can find the press release in full, including financial statements, below.