April 27, 2011

DSM reports very strong Q1 2011 results

DSM has reported strong growth results for the first-quarter of 2011, with their earnings from continuing operations increasing by 14% to EUR325 million (US$477 million).

Commenting on the results, Feike Sijbesma, CEO/Chairman of the DSM Managing Board, said: "Our robust performance in Q1 2011 represents further progress towards our 2013 targets as we continue to successfully execute our strategy. This improvement can be attributed to our focus on innovation, our global customer base, excellent market positions and presence in high growth economies."

"In the quarter we successfully completed our acquisition of Martek, welcoming its employees to DSM. The integration of Martek started immediately and the contribution to our profit is in line with expectations. Our business outlook for the rest of the year is positive and we expect 2011 to be a strong year for DSM," he said.