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Thermwood

DSM Operating profit down 13% on Q2

26 October 2001

DSM's net profit for the third quarter of 2001 was EUR 101 million, down 5% from the second quarter of 2001.

Commenting on the results, DSM Managing Board chairman Peter Elverding said: ""The rapid economic decline at the end of the second quarter gained further momentum in the third quarter, as expected. The tragic events of September 11 caused a further deterioration in short-term business conditions in many of our end-use markets. We are pleased to note that the contribution from our life science products cluster, which produces ingredients for consumer essentials in the pharma and food sectors, remains at a good level and has grown substantially compared with last year.

DSM High Performance Fibers turned in a strong performance. It can barely keep up with demand. DSM Composite Resins saw its profits improve.






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