Brief: DSM Cuts FY Outlook; Q3 Sales Slightly Beat Consensus

Koninklijke DSM NV

01/11/2022 06:04

Nov 1 (Reuters) - Koninklijke DSM NV  DSMN.AS :
    * Q3  ANIMAL NUTRITION & HEALTH: +6% ORGANIC SALES GROWTH
    * Q3  HEALTH, NUTRITION & CARE: +11% ORGANIC SALES GROWTH
    * OUTLOOK: DSM HAS LOWERED ITS FULL YEAR 2022 OUTLOOK, AND
NOW
EXPECTS ITS ADJUSTED EBITDA FOR CONTINUING OPERATIONS (HEALTH,
NUTRITION & BIOSCIENCE AND CORPORATE ACTIVITIES) TO INCREASE BY
A LOW-SINGLE DIGITS
    * Q3 FOOD & BEVERAGE: +14% ORGANIC SALES GROWTH
    * Q3 SALES EUR 2.18 BILLION VERSUS EUR 2.10 BILLION IN
COMPANY-PROVIDED POLL
    * Q3 ADJUSTED EBITDA EUR 356 MILLION VERSUS EUR 359 MILLION
IN
COMPANY-PROVIDED POLL
    * CONFIDENT IN MID-TERM OBJECTIVES

Source text for Eikon:  ID:nPresFCL3a 
Further company coverage:  DSMN.AS 
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