DSM fiber intermediates & fertilizers post strong sales in 2005
09 Feb '06
4 min read
Multi-national manufacturing company DSM posted the full year sales results for 2005. It stated a strong improvement in 2005 and continued good perspective for 2006.
- Operating profit for 2005 EUR 808 million, 44 percent higher than in 2004
- Net profit excluding exceptional items EUR 563 million (+33 percent)
- Q4 operating profit EUR 183 million, up 41 percent from 2004.
- Exceptional items in Q4 net out at EUR 26 million negative
- Proposal: dividend increase to EUR 1.00 (+14 percent) per ordinary share.
For the full year 2005 DSM posted a total Operating profit of EUR 808 million, up 44 percent from 2004. The increase was due mainly to higher margins and lower fixed costs. Net profit excluding exceptional items amounted to EUR 563 million, up 33 percent from 2004 (EUR 423 million).
Net profit amounted to EUR 527 million, an increase of 80 percent compared with 2004 (EUR 293 million). The net profit includes exceptional items to a net amount of EUR 36 million negative, which is the balance of impairments, restructuring provisions, reversals of provisions, book profits and tax items.
Of the total net sales growth of EUR 446 million (22 percent) compared to 2004, EUR 238 million (12 percent) was attributable to the acquisition of DSM NeoResins in February 2005. Strong volume growth at DSM Dyneema and DSM Engineering Plastics compensated for the volume decrease resulting from the closure of two plants at DSM Elastomers.
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