Materials company DSM, which own composite resins business Aliancys, has reported an increase in yearly sales of 3% to €7,920 million, with 4% organic growth. Net profit was €629 million, compared to €92 million in 2015. In Q4, sales were up 5% to €2,015 million, with 2% organic growth.

‘With today’s results, we are clearly delivering on the goals we set out at the end of 2015,’ said Feike Sijbesma, CEO and chairman of the DSM managing board. ‘We are pleased to report a very good year, in which we achieved strong EBITDA and ROCE growth, well ahead of the mid-term targets set out in Strategy 2018: Driving Profitable Growth.

‘While macro-economic conditions are uncertain, we are confident that in 2017 we will again deliver on our strategic objectives, despite a higher comparative base year. We will continue to execute our growth initiatives, and we are firmly on track with our ambitious, group-wide cost and productivity improvement programs. In addition, we will maintain our disciplined approach to capital allocation and working capital.’

This story uses material from DSM, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.