Strong start of the year for DSM
DSM’s strength in most markets is sustained during the beginning of 2008. Primarily the nutrition, Performance Materials, Fibre Intermediates and Agro showed strong business trends.
Based on the currently available information, DSM expects that the Q1 operating profit before exceptional items will be approximately 20% higher than in Q1 2007 (€192 million). Barring unforeseen economic circumstances, for the full year 2008 DSM now expects the operating profit before exceptional items to most likely exceed the level achieved in 2007, despite the current significantly weaker US dollar and increased raw material prices.
Feike Sijbesma, Chairman of the DSM Managing Board, commented:
“The current year has started strongly with firm demand being seen across most of our markets. DSM’s performance is a clear indication of the higher quality earnings now being achieved as a result of the changes made to the profile and portfolio of the Company.”
A further update on trading and the outlook for the year as a whole will be given at the time of the release of DSM’s Q1 results on 29 April 2008.
Related website:
• DSM
