Review of business
In 2007 DSM’s activities were grouped into four clusters: Nutrition, Pharma, Performance Materials and Industrial Chemicals. In light of the acceleration of Vision 2010 – Building on Strengths, DSM has regrouped its activities with effect from 1 January 2008. There are now five clusters: Nutrition, Pharma, Performance Materials, Polymer Intermediates and Base Chemicals and Materials.
Net sales and supplies
x € million
Net sales
Supplies
 
2007
2006
2007
2006
 
 
 
 
 
Nutrition
2,543
2,407
2,590
2,463
Pharma
981
916
1,031
967
Performance Materials
2,895
2,753
2,901
2,759
Industrial Chemicals
1,937
1,872
2,205
2,135
Other activities
401
404
455
422
Intra-group supplies
--
-
(425)
(394)
 
 
 
 
 
Total, continuing operations
8,757
8,352
8,757
8,352
Discontinued operations
-
28
-
28
 
 
 
 
 
Total DSM
8,757
8,380
8,757
8,380
EBITDA / net sales
in %
2007
2006
 
 
 
Nutrition
15.9
19.3
Pharma
17.7
15.9
Performance Materials
14.3
15.6
Industrial Chemicals
15.1
14.4
Operating profit plus depreciation and amortization (EBITDA)
x € million
2007
2006
 
 
 
Nutrition
405
464
Pharma
174
146
Performance Materials
415
429
Industrial Chemicals
292
269
Other activities
(39)
(33)
 
 
 
Total, continuing operations
1,247
1,275
Discontinued operations
-
(1)
 
 
 
Total DSM
1,247
1,274
Operating profit (EBIT)
x € million
2007
2006
 
 
 
Nutrition
264
314
Pharma
93
65
Performance Materials
321
329
Industrial Chemicals
225
196
Other activities
(80)
(69)
 
 
 
Total, continuing operations
823
835
Discontinued operations
-
(1)
 
 
 
Total DSM
823
834
Capital employed at 31 December
x € million
2007
2006
 
 
 
Nutrition
2,067
2,159
Pharma
1,095
1,302
Performance Materials
1,815
1,697
Industrial Chemicals
714
745
Other activities
291
407
 
 
 
Total, continuing operations
5,982
6,310
Discontinued operations
-
(7)
 
 
 
Total DSM
5,982
6,303
R&D expenditure
 
x € million
as % of net sales
 
2007
2006
2007
2006
 
 
 
 
 
Nutrition
136
140
5.3
5.8
Pharma
68
59
6.9
6.4
Performance Materials
131
115
4.5
4.2
Industrial Chemicals
23
21
1.2
1.1
Other activities
14
12
3.5
3.0
 
 
 
 
 
Total, continuing operations
372
347
4.2
4.2
Discontinued operations
-
-
 
 
 
 
 
 
 
Total DSM
372
347
 
 
Capital expenditure and acquisitions
x € million
2007
2006
 
 
 
Nutrition
145
113
Pharma
65
146
Performance Materials
214
126
Industrial Chemicals
90
68
Other activities
54
48
 
 
 
Total, continuing operations
568
501
Discontinued operations
-
-
 
 
 
Total DSM
568
501
Workforce (year-end)
 
2007
2006
 
 
 
Nutrition
7,782
7,711
Pharma
5,073
4,732
Performance Materials
5,139
4,664
Industrial Chemicals
2,134
2,183
Other activities
3,126
2,860
 
 
 
Total, continuing operations
23,254
22,150
Discontinued operations
-
6
 
 
 
Total DSM
23,254
22,156