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DSM's Earnings Jump on Innovation and High-Growth Markets

7:44 AM MDT | April 27, 2011 | Kerri Walsh

DSM reported first-quarter net income up 28%, to €166 million ($244 million), on sales up 16%, to €2.2 billion. Earnings before exceptional items rose 19%, to €172 million, and Ebitda from continuing operations increased 14%, to €325 million. Volumes and selling prices rose 6% and 8%, respectively.  “This improvement can be attributed to our focus on innovation, our global customer base, excellent market positions and presence in high growth economies,” says chairman and CEO Feike Sijbesma. “Our business outlook for the...

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