DSM saw +3% (v: +4%; FX: -1%) higher sales, moving up to €7,920m, and EBITDA improved +10% to €1,146m in 2016. Net profit attributable to shareholders moved from €78m to €617m. Operating CF strongly increased by +46% to €1,018m pushed by a swing in the other (€38m after €-263m). Investing CF swung from €421m, helped by divestment gains, to €-1,194m as the outflow for fixed-term deposits jumped to €-936m (€-2m). Management decided to take
17 Feb 2017
Preparing the balance sheet by burdening FCF
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Preparing the balance sheet by burdening FCF
- Published:
17 Feb 2017 -
Author:
Martin Schnee -
Pages:
3
DSM saw +3% (v: +4%; FX: -1%) higher sales, moving up to €7,920m, and EBITDA improved +10% to €1,146m in 2016. Net profit attributable to shareholders moved from €78m to €617m. Operating CF strongly increased by +46% to €1,018m pushed by a swing in the other (€38m after €-263m). Investing CF swung from €421m, helped by divestment gains, to €-1,194m as the outflow for fixed-term deposits jumped to €-936m (€-2m). Management decided to take