TITLE

DSM's first-quarter volumes on the up

AUTHOR(S)
Baker, John; Gibson, Jane
PUB. DATE
May 2007
SOURCE
ICIS Chemical Business;5/7/2007, Vol. 2 Issue 65, p11
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article reports on the first quarter (Q1) 2007 financial performance of DSM. The company did slightly better in the Q1 than it had expected, supported by favourable underlying trading conditions that saw volumes up by 6% and prices up by 2%. However, the weakening dollar cost the company 3% of this growth, hitting operating profits by €20 million, even after hedging. Net profit slipped by 20% to €128m, with the comparison affected by €21 million of income in Q1 2006.
ACCESSION #
25401625

 

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