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DSM’s Q4 core profit beats expectations on strong demand -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – The DSM logo can be seen at headquarters in Heerlen (Netherlands), August 30, 2018. REUTERS/Piroschka van de Wouw

AMSTERDAM. (Reuters). DSM, a Dutch specialty chemical maker, beat analyst estimates Tuesday by achieving a 13% rise in its fourth-quarter core profits to 440 million euro ($497.95million) as strong demand continued for its nutritional products despite the higher price.

A company-compiled poll showed that analysts had on average predicted that adjusted earnings before interest taxes depreciation, amortisation and amortization (EBITDA), would reach 424 million euros from 390 millions a year earlier.

($1 = 0.8836 euros)

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