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DSM reports preliminary results; market weakness hurts nutrition

9:15 AM MST | January 21, 2014 | Natasha Alperowicz

DSM today reported preliminary, unaudited results for 2013 and provided an outlook for 2014. Final audited results will be published on 26 February. Fourth-quarter Ebitda excluding discontinued operations reached an estimated €316 million ($427.8 million) compared with €243 million in the year-earlier quarter. Sales were 5% higher, at an estimated €2.38 billion. The company says that, in the fourth quarter, all clusters delivered a solid performance despite negative exchange rate effects. In addition, a combination of unrelated market headwinds...

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