Volumes up in animal nutrition despite soft Latin American market: DSM

By Jane Byrne contact

- Last updated on GMT

'Business conditions in all major regions remained robust, with the exception of Latin America' - DSM Image © istock.com/ermetico72
'Business conditions in all major regions remained robust, with the exception of Latin America' - DSM Image © istock.com/ermetico72

Related tags: Animal nutrition, Brazil

Dutch feed additives giant, DSM, has reported a strong first quarter and good volume development in its animal nutrition business.

It said Q1 2016 sales in its animal nutrition and health division showed a 4% organic growth, including 5% volume hike, compared to Q1 2015:

“This was a good result in particular considering the positive year-end effects on the timing of orders reported in Q4 2015.

“[Animal nutrition] business conditions in all major regions remained robust, with the exception of Latin America, where export conditions in Brazil were good but domestic demand was soft.

“Overall, prices showed a 1% decline versus the same period last year while currencies had a 7% negative impact on sales owing to the exposure of the business to the Brazilian real,”​ noted the supplements manufacturer.

DSM also reported that overall adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) for the group was up 19% to €296m.

And the company said it aims to deliver increased full-year EBITDA in line with the targets set out in its Strategy 2018: Driving Profitable Growth.

CEO, Feike Sijbesma, said: “While the macro-economic environment remains uncertain, we are confident that we will deliver in line with our medium-term goals. This will be supported by innovation, our growth initiatives and underpinned by our group-wide cost and productivity improvement programs.”

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