Royal DSM: raises outlook; shares shine
(CercleFinance.com) - On Thursday Royal DSM raised its annual earnings forecast, helped by substantially higher prices in some vitamins due to exceptional supply disruptions in the industry.
The Dutch food and chemicals group's shares hence jumped 5.2% to reach new all-time highs as investors welcomed the news.
In detail, DSM now expects around 25% growth in adjusted EBITDA this year.
In the first quarter, the group saw total adjusted EBITDA soar by 55% to 535 million euros, 29% above the consensus.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The Dutch food and chemicals group's shares hence jumped 5.2% to reach new all-time highs as investors welcomed the news.
In detail, DSM now expects around 25% growth in adjusted EBITDA this year.
In the first quarter, the group saw total adjusted EBITDA soar by 55% to 535 million euros, 29% above the consensus.
Copyright (c) 2018 CercleFinance.com. All rights reserved.