DSM rises on Q4 profit beat, 'reassuring' guidance

Koninklijke DSM NV

15/02/2022 08:34

** Shares in DSM  DSMN.AS  rise 2.5% after the Dutch
specialty chemicals maker published Q4 results above market
expectations  urn:newsml:reuters.com:*:nL1N2UQ0AC
    ** The group reported Q4 EBITDA up 13% YoY at EUR 440 mln
($498.70 mln), 3.8% above consensus, while revenue rose 16% to
EUR 2.4 bln
    ** DSM expects for 2022 a mid-single digit adjusted EBITDA
increase, with a high-single digit adjusted net operating free
cash flow increase
    ** JP Morgan calls the 2022 guidance "reassuring"
    ** DSM also maintains its mid-term profit targets
    ** Shares are on track for their best day since December 7,
2021

($1 = 0.8823 euros)

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))