DSM raises expectations after good first half | Financial

DSM’s sales reached €4.5 billion, €100 million more than analysts had expected and an increase of 10% compared to the first six months of 2020. Adjusted operating profit (EBITDA) grew by 22% to €925 million. Analysts assumed €902 million here.

The food division’s turnover grew steadily by 6% to €3.4 billion. In the materials division, DSM is noticing a clearly growing demand from the industry, and turnover increased by a third to €971 million, with adjusted operating profit at €235 million even 86% higher than in the first half of 2020. entered a final sprint in the second quarter with a turnover growth of 59%. DSM benefited from the additional stock and strong industry demand.

Due to the stronger-than-expected performance of the materials business, DSM has revised its adjusted operating profit growth forecast upwards. While the Limburg group expected double-digit growth at the beginning of this year, it now expects an EBITDA growth of around 15%.

DSM is also stepping up its game in terms of sustainability. While the company had so far set itself the target of a 30% reduction in greenhouse gas emissions by 2030, the company now wants to reduce its greenhouse gas emissions by half compared to 2016. By 2050, DSM must be climate neutral.

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