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DSM reports higher fourth-quarter profits, nutrition hurt by soft demand and currencies
8:26 AM MST | February 26, 2014 | Natasha Alperowicz
DSM today reported a 44% increase in fourth-quarter net profit from continuing operations before exceptional items, to €101 million ($138.8 million), on sales up 5%, to €2.22 billion. The company says that all clusters delivered a solid performance in the fourth quarter despite negative exchange rate effects. A combination of unrelated market headwinds, including weakness in dietary supplements and fish oil–based omega-3 markets in the United States, also hurt nutrition. Soft demand in Western food and beverage markets and price pressures...
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