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.
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
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