DSM reports results first nine months 2020

HEERLEN, Netherlands, Nov. 3, 2020 — (PRNewswire) —
DSM Logo (PRNewsFoto/Royal DSM NV) (PRNewsfoto/Royal DSM)

Nine months highlights1  

Continuing operations results2:

  • DSM reports a solid first nine months in a challenging COVID-19 environment, with a continuing robust performance in Q3, despite significant negative foreign exchange effects
  • Group sales stable and Adjusted EBITDA -3%
    • Nutrition: sales +4%, organic sales +5%, Adjusted EBITDA +6%
    • Materials: sales -18%, volumes -13%, Adjusted EBITDA -33%
  • Adjusted net profit down 8% to €544m

Total Group:

  • Net profit: €453m
  • Adjusted Net Operating Free Cash Flow of €639m, up 16% year to date
  • Outlook 2020 unchanged

Key figures and indicators – continuing operations2

in € million

Jan-Sept 2020

Jan-Sept 2019

% Change

Volume

Price/mix

FX

Other

Sales

6,026

6,064

-1%

1%

-1%

-2%

1%

  Nutrition

4,771

4,573

4%

5%

0%

-3%

2%

  Materials

1,092

1,327

-18%

-13%

-5%

-1%

1%

Adjusted EBITDA

1,144

1,178

-3%





  Nutrition

1,014

956

6%





  Materials

187

278

-33%





  Innovation

16

19






  Corporate

-73

-75






EBITDA

1,020

1,133






Adjusted EBITDA margin

19.0%

19.4%














1 Adjusted EBITDA is an Alternative Performance Measure (APM) that reflects continuing operations.

Organic sales growth is the total impact of volume and price/mix.

Adjusted Net Operating Free Cash Flow is the cash flow from operating activities, corrected for the cash flow of the APM adjustments, minus the cash flow of capital expenditures and drawing rights.

2  Results excluding business held for sale


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