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DSM provides nine months 2022 trading updateHEERLEN, The Netherlands, Nov. 1, 2022 /PRNewswire/ --
Highlights1,2 Continuing Operations:
Key figures – Continuing Operations
Co-CEOs statement Geraldine Matchett and Dimitri de Vreeze, Co-CEOs, commented: "All our businesses delivered good organic growth during the third quarter. We continue to counter rising energy and raw material prices, which accelerated especially in Europe, albeit with a time lag. Market demand remained resilient across our three businesses in a challenging macro-economic environment. Given the positive structural long-term drivers of our business, underpinned by progress on our strong pipeline of innovations, we are confident in the mid-term financial targets for DSM. Since their announcements back in May, good progress has been made towards closing the divestment of DSM Engineering Materials to Advent International and LANXESS, and our forthcoming merger with Firmenich. These significant steps will lead to the establishment of DSM-Firmenich, a purpose-led leading creation and innovation partner in nutrition, beauty and well-being." Q3 Highlights Continuing Operations:
Key figures – Continuing Operations
Q3 saw strong organic sales growth, with ongoing solid end-use demand in an increasingly inflationary environment.
Health Nutrition & Bioscience Adjusted EBITDA was up 3%, with an 8% contribution from acquisitions and foreign exchange effects. The Adjusted EBITDA margin for these businesses was 17.5%, compared to 20.5% in the prior year period, with a 150bps dilutive mathematical effect from price increases and foreign exchange effects. Outlook 2022 DSM has lowered its full year 2022 outlook, and now expects its Adjusted EBITDA for Continuing Operations (Health, Nutrition & Bioscience and Corporate Activities) to increase by a low-single digits.
Note for editors: For the full text of the press release please click here. Financial calendar 16 February 2023 Publication of the full year results of 2022 Additional information Today DSM will hold a webcast for investors and analysts at 14:00 CET. Details on how to access this call can be found on the DSM website, www.dsm.com. Contact information
DSM Royal DSM is a global, purpose-led company in Health, Nutrition & Bioscience, applying science to improve the health of people, animals and the planet. DSM's purpose is to create brighter lives for all. DSM's products and solutions address some of the world's biggest challenges while simultaneously creating economic, environmental and societal value for all its stakeholders – customers, employees, shareholders, and society at large. The company was founded in 1902 and is listed on Euronext Amsterdam. More information can be found at www.dsm.com. Or find us on: Forward Looking Statements This press release may contain forward-looking statements with respect to DSM's future (financial) performance and position. Such statements are based on current expectations, estimates and projections of DSM and information currently available to the company. DSM cautions readers that such statements involve certain risks and uncertainties that are difficult to predict and therefore it should be understood that many factors can cause actual performance and position to differ materially from these statements. DSM has no obligation to update the statements contained in this press release, unless required by law. The English language version of the press release is leading. PDF - https://mma.prnewswire.com/media/1934538/DSM_presentation_to_investors_q3_2022.pdf Logo - https://mma.prnewswire.com/media/329419/dsm_logo.jpg View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/dsm-provides-nine-months-2022-trading-update-301663982.html |