DSM Q1 2016 results

4/26/2016, 7:01 AM (Source: GlobeNewswire)

Highlights

  • DSM reports a strong first quarter
  • Group net sales up at €1,913 million, with 2% organic growth
  • Group EBITDA up 19% to €296 million
  • Nutrition: 6% organic sales growth, EBITDA up 15%
  • Materials: EBITDA up 10%, supported by low input costs
  • Group ROCE: improved to 9.8% (Q1 2015: 6.8%) driven by EBIT growth
  • Outlook maintained

Key figures and indicators (continuing operations)

in € million Q1 2016 Q1 2015   % Change Volume Price/mix FX Other
Sales 1,913 1,886   1% 5% -3% -2% 1%
 Nutrition 1,250 1,199   4% 7% -1% -4% 2%
 Materials 600 632   -5% 1% -6% 0%  
EBITDA 296 248   19%        
 Nutrition 225 195   15%        
 Materials 95 86   10%        
ROCE (%) 9.8% 6.8%            

CEO statement
Feike Sijbesma, CEO/Chairman of the DSM Managing Board, commented: "We are pleased to report that we delivered a strong first quarter in terms of growth, profitability and returns, with all businesses seeing the effects of our improvement programs.

Both Animal and Human Nutrition delivered above-market volume growth, with Human Nutrition showing a marked improvement, albeit against a relatively weak comparable quarter in 2015. Our efforts resulted in EBITDA growth and an improved margin in Nutrition. Materials remained robust, helped in part by the shift towards higher added-value products in the portfolio.
In addition, low input prices continued to support margins during Q1 2016 despite softer volumes in some segments, although we expect this support to diminish somewhat going forward.

While the macro-economic environment remains uncertain, we are confident that we will deliver in line with our medium-term goals. This will be supported by innovation, our growth initiatives and underpinned by our group-wide cost and productivity improvement programs."

Outlook 2016

DSM aims to deliver increased full-year EBITDA and ROCE in line with the targets set out in its Strategy 2018: Driving Profitable Growth.

Note for the editors: for the full text of the press release, see enclosed pdf or click here>


Contact Information

Investor Relations Dave Huizing
t. +31 (0) 45 578 28 64
e. investor.relations@dsm.com
   
Media Relations Stephen Hufton
t. +31 (0) 45 578 7029
e. media.contacts@dsm.com

 

Additional Information
Today DSM will hold a conference call for media from 08:00 to 08:30 and a conference call for investors and analysts from 09:00 to 10:00. Details on how to access these calls can be found on the DSM website, www.dsm.com.




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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: DSM N.V. via Globenewswire

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