3 de noviembre de 2015 / 6:40 / hace 2 años

BRIEF-DSM NV Q3 net profit from continuing operations down at 106 mln euros

2 MIN. DE LECTURA

Nov 3 (Reuters) - Koninklijke DSM NV :

* Reports Q3 group sales of 1.95 billion euros ($2.15 billion) versus 1.79 billion euros a year ago

* Q3 sales up 8 pct, driven by 7 pct organic growth in nutrition and foreign exchange

* Q3 group EBITDA is 287 million euros versus 281 million euros a year ago

* Net profit from continuing operations, before exceptional items, in Q3 2015 amounted to 106 million euros compared to 113 million euros a year ago

* Cash provided by operating activities from continuing operations in Q3 2015 was 300 million euros compared to 252 million euros a year ago

* Financial income and expense in Q3 2015 amounted to a loss of 28 million euros compared to a loss of 26 million euros a year ago

* Cash used for capital expenditure net of customer funding (continuing operations) amounted to 113 million euros in Q3 2015 compared to 87 million euros a year ago

* Q3 included non-cash impairment charges of 25 million euros related to obsolescence of certain it assets

* Net earnings per ordinary share (continuing operations, before exceptional items) amounted to 0.59 euros in Q3 2015 compared to 0.64 euros a year ago

* Sees EBITDA in 2015 increase mainly driven by positive foreign exchange effects

* Says it is increasingly difficult to predict macro-economic developments

* Charge of 15 million euros was recognized for devaluation of financial assets in Venezuela in Q3

* Starting to implement previously announced 125-150 million euro cost reduction program for DSM-wide support functions

* Assuming no major changes in current market conditions for remainder of this year, maintains FY outlook to deliver an EBITDA in 2015 ahead of 2014

Source text for Eikon: Further company coverage: ($1 = 0.9077 euros) (Gdynia Newsroom)

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