Royal DSM saw 2012 EBIT (operating) profits fall 27% to 635m from 866m in 2011 but the human and animal nutrition business it has invested 2.4bn in since 2010 added 6% in profit. <\/p>\n
Nutrition EBIT profits grew from 577m in 2011 to 613m in 2012 with sales up 9% to 3.667bn and boosted by the 900m Ocean Nutrition Canada and Fortitech acquisitions in the year along with other animal and human nutrition investments. <\/p>\n
Omega-3s and blends were singled out as star performers in the division that includes cultures and enzymes, carotenoids, vitamins and minerals. <\/p>\n
Board member Stephan Tanda told us the company's Martek (2011) and ONC buys meant it could handle all omega-3 demands, even high-end pharma requirements although the company was not particularly active there now, preferring to focus on food and supplements. It was however,\"keeping an eye\" on the omega-3 drug patent landscape where blockbuster drugs were coming off-patent. <\/p>\n
Feike Sijbesma, CEO\/chairman of the DSM managing board, praised the nutrition division performance which he noted contributed 70% to the Dutch firms EBITDA profits of 1.1bn. <\/p>\n
The company forecast for EBITDA of 1.4bn in 2013 remained intact despite a 'problematic Europe'that remains deep in recession, according to Tanda. <\/p>\n
Forecasts intact <\/p>\n
You have to remember we lost about 300m in the caprolactam nylon business in 2012. It suffered from weakness in demand so with that excluded our 1.4bn EBITDA profit forecast for GDP plus 2% remains intact, Tanda said. <\/p>\n
He added: Europe continues as a problem and Brazil and latin America could be stronger, but the US market is picking up, and China and Asia remains in growth. It is true that it is not a pretty situation in Europe though. <\/p>\n
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Continued here: Royal DSM saw 2012 EBIT (operating) profits fall 27% to 635m from 866m in 2011 but the human and animal nutrition business it has invested 2.4bn in since 2010 added 6% in profit. Nutrition EBIT profits grew from 577m in 2011 to 613m in 2012 with sales up 9% to 3.667bn and boosted by the 900m Ocean Nutrition Canada and Fortitech acquisitions in the year along with other animal and human nutrition investments. Continue reading
\nNutrition cluster holds but DSM profits slide 27% as recession bites<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"