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People & Business :: Companies
DSM Reports Steady Growth, Seeks Deal in Pharmaceuticals
3:01 AM MDT | August 2, 2011 | Alex Scott
DSM has reported Ebitda for the second quarter of the year up 2% to €339 million ($482 million) on sales up 7% to €2.3 billion. Strong life sciences results were driven by robust growth in the group’s nutrition and materials businesses. The strong U.S. dollar negatively impacted the group overall, the company says. The performance of the pharmaceuticals manufacturing business “remains below acceptable levels,” however, Sijbesma says. The pharma business recorded second quarter sales down 9% to €178 million. “We know...
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