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DSM's earnings beat estimates on strong nutrition result, full-year target maintained

6:00 AM MDT | August 6, 2013 | Ian Young

DSM posted net profits before exceptional items of €141 million in the second quarter of 2013, a 24% increase on the corresponding period of 2012. Sales grew 9% year-on-year (YOY) in the second quarter, to €2.5 billion. DSM's Ebitda rose 19% YOY in the second quarter, to €345 million, exceeding analysts' expectations of €330-335 million, due to acquisitions and strong growth in the company's high-margin nutrition business. The sales figure was broadly in line with analysts' estimates. DSM has built human and animal nutrition into the company's...

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