ERJ staff report (RD)
Heerlen, the Netherlands -- Royal DSM NV's 2010 first quarter (Q1) results have reported sales up by 38 percent in its Base Chemicals and Materials cluster - which includes subsidiary DSM Elastomers.
â€œAt DSM Elastomers net sales improved due to a pick-up in the automotive industry as well as some re-stocking,â€ DSM said in a 28 April results statement.
The operating profit of Euro 18 million was mainly driven by DSM Elastomers as a result of a higher sales value combined with higher margins, the company added. Operating profit for the cluster was up to Euro 18 million in Q1, compared to Euro -15 million in the same period last year.
â€œThe Base Chemicals and Materials cluster currently contains DSM Elastomers (as the main activity), DSM Citric Acid, DSM Special Products, and the Maleic Anhydride (and derivatives)
activity,â€ the statement said.
These businesses benefited from the recovery of the markets with higher volumes at more or less stable price levels, DSM added.
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Press release from Royal DSM NV