DSM reports a ‘solid’ Q1, with material sales down 8% from the same period of last year.

‘COVID-19 has led to unprecedented global challenges,’ said Geraldine Matchett and Dimitri de Vreeze, Co-CEOs. ‘We saw good underlying business conditions in Nutrition, with momentum increasing through the quarter, and with an overall small increase in demand from COVID-19. At the same time, trading conditions in Materials deteriorated rapidly at the end of Q1 as customers’ operations were impacted by COVID-19 restrictions, especially in Europe and North America. While these are uncertain times, we are taking all necessary actions to address recent challenges in end markets.’

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.