Press release

DSM reports positive start to the year with robust Q1 results

Heerlen, NL, 08 May 2012 07:15 CEST

  • Q1 EBITDA from continuing operations €306 million (Q1 2011: €325 million)
  • Strong results in Life Sciences due to continued growth in Nutrition
  • Materials Sciences showed strong improvement compared to Q4 2011
  • Joint venture with POET established to unlock the advanced biofuels opportunity
  • Recently announced planned tender offer to acquire Kensey Nash to establish DSM Biomedical as new profitable growth platform
  • Cautiously optimistic outlook, on the way to achieve 2013 targets

Commenting on the results, Feike Sijbesma, CEO/Chairman of the DSM Managing Board, said: “In a challenging business environment, DSM continued to make good progress in Q1 and the robust results represent a positive start to 2012. In Life Sciences, Nutrition continued to deliver excellent performance despite the currency headwinds, benefiting from the acquisition of Martek and continued organic growth. Materials Sciences delivered an improved performance compared to the previous quarter in Performance Materials and another good result in Polymer Intermediates.

“We continue to make important steps in the execution of our strategy. During the quarter we established the joint venture with US based POET, one of the world’s largest bio-ethanol producers, to unlock the exciting potential of advanced cellulosic biofuels. Last week we announced the execution of a Merger Agreement with Kensey Nash and planned tender offer, which will put DSM Biomedical clearly on the map as the second new growth platform for DSM in addition to our Bio-based Products & Services business.

“DSM has successfully transformed itself into a Life Sciences and Materials Sciences company. Our attractive portfolio in health, nutrition and materials together with our broad geographic spread with a significant presence in high growth economies and our very strong balance sheet has positioned us well to deliver shareholder value with stronger, more stable growth and profitability. We remain cautiously optimistic for 2012 despite the uncertain macro-economic situation.”

Key figures

in € million Q1 2012 Q1 2011 +/-
Continuing operations      
Net sales 2,290 2,234 3%
Operating profit before depreciation & amortization (EBITDA) 306 325 -6%
Nutrition 192 173  
Pharma 5 0  
Performance Materials 79 91  
Polymer Intermediates 69 99  
Innovation Center -15 -13  
Corporate activities -24 -25  
Operating profit (EBIT) 200 231 -13%
Discontinued operations      
Net sales   111  
Operating profit before depreciation & amortization (EBITDA)   23  
Operating profit (EBIT)   23  
Total DSM      
Net sales 2,290 2,345 -2%
Operating profit before depreciation & amortization (EBITDA) 306 348 -12%
Net profit before exceptional items 145 172 -16%
Net result from exceptional items   -6  
Net profit 145 166 -13%
Net profit per share in €:      
before exceptional items, continuing operations 0.87 0.91 -4%
including exceptional items, total DSM 0.87 0.98 -11%

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
media.contacts@dsm.com

Dave Huizing

Vice President Investor Relations
+31 45 578 2864
investor.relations@dsm.com

Media Relations

+31 45 578 2420

Investor Relations

+31 45 578 2864

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