Royal DSM N.V., the global Life Sciences and Materials Sciences company headquartered in the Netherlands, today announces that - in accordance with applicable IFRS accounting standards - the remaining impairment of approximately € 55 million for DSM Anti-Infectives will be reversed in Q4 2010. This reversal of impairment will be reported as an exceptional item in DSM's Q4 2010 results, which will be published on 23 February 2011.
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This reversal is caused by the improved business outlook for DSM Anti-Infectives related to the new strategy Leveraging partnerships for growth in addition to own initiatives like the new 6-APA plant in China. This reversal is a non-cash item.
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DSM - the Life Sciences and Materials Sciences Company
Royal DSM N.V. creates solutions that nourish, protect and improve performance. Its end markets include human and animal nutrition and health, personal care, pharmaceuticals, automotive, coatings and paint, electrical and electronics, life protection and housing. DSM manages its business with a focus on the triple bottom line of economic performance, environmental quality and social responsibility, which it pursues simultaneously and in parallel. DSM has annual net sales of about €8 billion and employs some 22,700 people worldwide. The company is headquartered in the Netherlands, with locations (http://www.dsm.com/en_US/html/about/location_finder.htm) on five continents. DSM is listed on Euronext Amsterdam. More information: www.dsm.com (http://www.dsm.com/en_US/html/home/dsm_home.cgi).
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For more information:
DSM Corporate CommunicationsHerman Bettentel. +31 (0) 45 5782017Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â fax +31 (0) 45 5740680Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â e-mail media.relations@dsm.com (mailto:media.relations@dsm.com)Â Â Â | DSM Investor RelationsHans Vossentel. +31 (0) 45 5782864 fax +31 (0) 10 4590275 e-mail investor.relations@dsm.com (mailto:investor.relations@dsm.com) |
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Source: DSM N.V. via Thomson Reuters ONE
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