DSM has released its report providing Q1 trading updates.
Related: DSM Cancels 6.6 Million Treasury Shares
The company's group sales increased 7% with an adjusted EBITDA of +13%.
As for nutrition, sales and organic sales increased 7% with an adjusted EBITDA of +9%.
Materials sales increased 13% and volumes increased 21% with an adjusted EBITDA of +27%.
For the full year, DSM expects an adjusted EBITDA growth rate for the group to move towards the mid-teens.
Geraldine Matchett and Dimitri de Vreeze, co-CEOs, commented, “We made a very good start to the year despite the ongoing challenging COVID-19 environment. Our nutrition business continued to perform well, with positive momentum in line with the trading conditions we saw during the second half of 2020. The strong recovery of our materials business at the end of last year has continued into Q1, supported by ongoing restocking by customers. Our increasing confidence in the recovery for materials, combined with our unchanged positive outlook for nutrition, leads us to increase our overall outlook for the group for 2021.”
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