Press release

DSM reports very strong Q1 2011 continuing its positive momentum

Heerlen, NL, 27 Apr 2011 07:15 CEST

  • Q1 EBITDA from continuing operations up 14% to €325 million.
  • Life Sciences results driven by ongoing good performance in Nutrition.
  • Materials Sciences posts solid results reflecting volume gains and pricing strength.
  • EPS €0.91, 30% higher also due to a lower tax rate.
  • Martek integration underway; EBITDA in line with expectations.
  • 2011 is expected to be a strong year for DSM towards achieving the 2013 targets.

Commenting on the results, Feike Sijbesma, CEO/Chairman of the DSM Managing Board, said: “Our robust performance in Q1 2011 represents further progress towards our 2013 targets as we continue to successfully execute our strategy. This improvement can be attributed to our focus on innovation, our global customer base, excellent market positions and presence in high growth economies.

In the quarter we successfully completed our acquisition of Martek, welcoming its employees to DSM. The integration of Martek started immediately and the contribution to our profit is in line with expectations. Our business outlook for the rest of the year is positive and we expect 2011 to be a strong year for DSM.”

Key figures

in € millionQ1 2011Q1 2010+/-
Continuing operations   
Net sales2,2341,93316%
Operating profit before depreciation & amortization (EBITDA)325284*14%**
Performance Materials9171 
Polymer Intermediates9950 
Innovation Center-13-13 
Corporate activities-25-4* 
Operating profit (EBIT)231182*27%
Discontinued operations:   
Net sales111297 
Operating profit before depreciation & amortization (EBITDA)2351 
Operating profit (EBIT)2336 
Total DSM:   
Net sales2,3452,2305%
Operating profit before depreciation & amortization (EBITDA)3483354%
Net profit before exceptional items17214419%
Net result from exceptional items-6-14 
Net profit16613028%
Net earnings per ordinary share in €:   
before exceptional items, continuing operations0.910.7030%
including exceptional items, total DSM0.980.7826%

* of which € 8 million IFRS pension adjustment
** 18% if € 8 million IFRS pension adjustment is excluded

You can find the press release in full, including financial statements, below.

For more information

Lieke de Jong-Tops

Senior Communications Manager
+31 45 578 2420

Dave Huizing

Vice President Investor Relations
+31 45 578 2864

Media Relations

+31 45 578 2420

Investor Relations

+31 45 578 2864