Koninklijke DSM NV Confirms Q4 2009 Outlook-DJ
November 3, 2009 |
| Dow Jones reported that Koninklijke DSM NV announced that it confirms its full year 2009 outlook after reporting a better-than-expected third quarter 2009 operating profit. It confirmed that it expects fourth quarter 2009 operating profit on continued operations, or earnings before interest and taxes (EBIT), to be lower than the third quarter, but higher than fourth quarter 2008 result of EUR 84 million. DSM booked an EBIT of EUR 139 million in the third quarter of 2009. According to Reuters Estimates, analysts on average are expecting Koninklijke DSM NV to report EBIT of EUR 135 million for the fourth quarter of 2009. |
Koninklijke DSM N.V. Finalizes Sale Of Urea-licensing Business To Maire Tecnimont
October 6, 2009 |
| Koninklijke DSM N.V. and Maire Tecnimont S.p.A., an international engineering and construction group headquartered in Italy, announced that they have finalized the sale of DSM's urea-licensing subsidiary Stamicarbon B.V. to Maire Tecnimont for a total consideration of EUR 38 million on a cash and debt-free basis. DSM will report a book profit of about EUR 30 million after tax on the sale as an exceptional item in the income statement in the fourth quarter of 2009. With the closing of the acquisition, Maire Tecnimont will fully consolidate Stamicarbon B.V. from October 6 onwards. Intesa Sanpaolo provided the financing to Maire Tecnimont to undertake the operation. Stamicarbon employs about 50 people in urea licensing, almost all of which are engineers and technical staff. Stamicarbon licenses patented technology and know-how to existing and prospective urea producers. |
Koninklijke DSM N.V. Comments On Q3 2009 Operating Profit Outlook-Reuters
September 24, 2009 |
| Reuters reported that Koninklijke DSM N.V. said it expects operating profit from continuing operations for the third quarter of 2009 to be double that of the previous quarter. The Company, which reported operating profit from continuing operations excluding exceptional items in the second quarter 2009 of EUR58 million, said the expected improved result is mainly due to improving demand in its Materials Sciences businesses. |
Standard and Poor's Affirms A- Rating and Maintains Stable Outlook for Koninklijke DSM NV
August 4, 2009 |
| Koninklijke DSM NV announced that Standard and Poor's has affirmed the A- rating and maintained the stable outlook on August 3, 2009. Further details were not disclosed. |
Koninklijke DSM N.V. Announces FY 2009 Interim Dividend
August 4, 2009 |
| Koninklijke DSM NV announced that it has decided to pay an unchanged interim dividend of EUR 0.40 per ordinary share for the year 2009. As usual, this represents one third of the total dividend paid for 2008. The interim dividend is no indication of the total dividend for 2009. The interim dividend for 2009 will be paid in cash on August 28, 2009. |
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