DSM Elastomers Q1 sales up 38%

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.

“At DSM Elastomers net sales improved due to a pick-up in the automotive industry as well as some re-stocking,” 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.

“The 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,” 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