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Press Release

DSM Reports H1 2017 Results

Royal DSM
Posted on: 01 Aug 17

PR Newswire

HEERLEN, The Netherlands, August 1, 2017

HEERLEN, The Netherlands, August 1, 2017 /PRNewswire/ --

H1 Highlights

  • Continued good performance in Q2 concludes very strong H1
  • Sales up 11% to €4,320m, with 8% organic growth
  • Adjusted EBITDA up 16% to €721m, driven by both Nutrition and Materials
  • ROCE up 170 bps to 12.2%
  • Net profit up 42% to €312m
  • Interim dividend of €0.58 per ordinary share
  • Outlook 2017: slightly improved

     (Logo: http://photos.prnewswire.com/prnh/20160803/395298LOGO )

     (Photo: http://mma.prnewswire.com/media/540817/DSM_Presentation_To_Investors.pdf )
     (Photo: http://mma.prnewswire.com/media/540818/DSM_Results_H1_2017.pdf )


Key figures and indicators

( 1) January up until June

CEO statement

Feike Sijbesma, CEO/Chairman of the DSM Managing Board, commented: "DSM maintained its positive momentum with a very strong first half-year performance. The second quarter was another very good quarter.

Half way through Strategy 2018, we are well ahead of our targets. All businesses are delivering on their growth initiatives, helping us outpace the market; we increasingly provide our customers with innovative solutions, resulting in a continued shift toward specialties. Furthermore, we are fully on track with our wide-ranging cost-reduction and efficiency improvement programs, while anchoring the high-performance culture we strive for. We also continued to make good progress with our sustainability agenda, future-proofing our operations and delivering products and solutions which help our customers to make their businesses more sustainable. T he expected Patheon transaction demonstrates our commitment to monetize the significant value within our associates and earlier than anticipated .  

While being mindful of the volatile macro-economic environment and the higher-base results achieved since 2015, we are confident for the remainder of the year and have increased our outlook for the full year. " 

Outlook 2017 slightly improved
DSM now expects to deliver full-year 2017 results above the targets set out in its Strategy 2018, with an EBITDA growth for the year moving slightly up from high single-digit to double digit, and with a ROCE increase moving from double digit basis points to over 100 basis points.

Q2 Highlights

  • DSM reports a very good Q2
  • Sales up 8% to €2,161m, with 6% organic growth
  • Adjusted EBITDA up 15% to €376m
  • Nutrition: 4% organic sales growth; Adjusted EBITDA up 14%
  • Materials: 4% volume growth; Adjusted EBITDA up 9%

Key figures and indicators


( 1) January up until June

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

Financial calendar  

2 November 2017            Publication of the results of the first nine months of 2017

14 February 2018            Publication of full year results of 2017

8 May 2018            Publication of the results of the first three months of 2018

9 May 2018            Annual General Meeting of Shareholders

1 August 2018            Publication of the half year results of 2018

31 October 2018            Publication of the results of the first nine months of 2018

Additional Information  

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

DSM - Bright Science. Brighter Living.™  

Royal DSM is a global science-based company active in health, nutrition and materials. By connecting its unique competences in life sciences and materials sciences DSM is driving economic prosperity, environmental progress and social advances to create sustainable value for all stakeholders simultaneously. DSM delivers innovative solutions that nourish, protect and improve performance in global markets such as food and dietary supplements, personal care, feed, medical devices, automotive, paints, electrical and electronics, life protection, alternative energy and bio-based materials. DSM and its associated companies deliver annual net sales of about €10 billion with approximately 25,000 employees. The company is listed on Euronext Amsterdam. More information can be found at www.dsm.com.

Forward Looking Statement  

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.

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


PRN NLD

PR Newswire
www.prnewswire.com

Last updated on: 01/08/2017

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