Press release

DSM provides first nine months 2021 trading update

Heerlen, NL, 02 Nov 2021 07:00 CET


  • DSM delivered a very good nine months of the year
  • Group sales +13% and Adjusted EBITDA +20%
    • Nutrition: sales +8%, organic sales +7%, Adjusted EBITDA +8%
    • Materials: sales +32%, organic sales +35%, Adjusted EBITDA +79%
  • Full Year outlook 2021 unchanged

Key figures – continuing operations2

in € millionJan-Sep 2021Jan-Sep 2020% ChangeVolumePrice/mixFXOther
Adjusted EBITDA1,3741,14420%    
Adjusted EBITDA margin20.2%19.0%     

Co-CEOs statement

Geraldine Matchett and Dimitri de Vreeze, Co-CEOs, commented: “Good end-user demand throughout the quarter continued the positive momentum of both our Nutrition and Materials businesses. We have delivered another strong period by actively managing the volatile global supply chain dynamics and therefore ensuring we remain able to meet the needs of our customers within the current challenging environment.

During the quarter we also provided an update on the acceleration of our strategy as a purpose-led, performance-driven leader in Health, Nutrition & Bioscience, including our new food system commitments.”

Outlook 2021

For the full year, DSM continues to expect an Adjusted EBITDA increase in Nutrition at the upper end of its mid-term strategic ambition of high single digit growth. Together with the strong performance in Materials, DSM expects an Adjusted EBITDA growth rate for the Group in the mid-teens, with a continued good Adjusted Net Operating Free Cash Flow.

The complete version of this press release can be found here.

1) Adjusted EBITDA is an Alternative Performance Measure (APM) that reflects results from usual operations. Organic sales growth is the total impact of volume and price/mix. Adjusted Net Operating Free Cash Flow is the cash flow from operating activities, corrected for the cash flow of the APM adjustments, minus the cash flow of capital expenditures and drawing rights.
2) Results and KPIs throughout this press release reflect continued operations, excluding the Resins & Functional Materials and associated businesses which were classified as ‘held for sale’ in September 2020. The sale was finalized on 1 April 2021

For more information

Lieke de Jong-Tops

Senior Communications Manager
+31 45 578 2420

Dave Huizing

Vice President Investor Relations
+31 45 578 2864

Gareth Mead

DSM Media Relations
+31 45 578 2420

Dave Huizing

DSM Investor Relations
+31 45 578 2864