News

  05/08/2020 | Ingredients

DSM profits falls but reports solid H1 2020 results

In DSM Food Specialties’ first half-year results, the company’s Nutrition segment delivered a steady performance in light of the Covid-19 pandemic. Pushed up demand in this context was driven in part by stocking – especially packaged foods in food and beverage and early life nutrition – while the company notes end user demand for immunity-optimizing products remained strong. DSM outlines adjusted net profit down by 4 % to EUR 399 m, with net profit at EUR 270 m.

DSM’s Nutrition segment delivered robust organic sales growth of 9 %, including an up to 2 % Covid-19 effect, with 11 % growth in Human Nutrition, which saw additional Covid-19 driven demand across all end markets. By the end of the quarter, Human Nutrition saw more normalized trading conditions.

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