DSM reports first-quarter results below expectations
02/05/2023 06:13
May 2 (Reuters) - Dutch specialty chemicals maker DSM's
DSMN.AS first-quarter core profit missed expectations on
Tuesday as cost inflation remained elevated.
The group, which makes products from vitamins and food
supplements to specialised plastics used in cars, clothing and
construction, reported quarterly core earnings (EBITDA) of 278
million euros ($305.36 million), below analysts' estimate of 280
million euros in a poll compiled by Vara Research.
Sales came in at 1.89 billion euros, missing the consensus
of 2.04 billion euros.
($1 = 0.9104 euros)
(Reporting by Augustin Turpin and Lina Golovnya in Gdansk;
editing by Milla Nissi)
((augustin.turpin@thomsonreuters.com ;
lina.golovnya@thomsonreuters.com))