Report

DSM : Materials recovery again ahead of expectations; Nutrition in line

>2Q21 adjusted EBITDA 5% ahead of consensus - On 3 August, DSM reported 2Q21 results that were above market expectations. Adjusted EBITDA of € 484m was up 30% yoy and 5% ahead of consensus (Vara). The beat was driven by Materials, which reported adjusted EBITDA of € 124m, up 210% yoy and 11% above consensus. Nutrition was slightly ahead of expectations with adjusted EBITDA of € 378m, up 8% yoy and 1% ahead of consensus.Nutrition slightly ahead of expectat...
Underlying
Koninklijke DSM N.V.

Royal DSM is engaged in the creation of products and services in Life Sciences and Materials Sciences. Co.'s products and services are used globally in range of markets and applications in healthcare, pharmaceutical automotive and chemicals sectors. End markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrics and electronics, life protection and housing. The activities of Co. are grouped into four clusters: Nutrition, Pharma, Performance Materials and Polymer Intermediates.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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