DSM reports profits of €1.17bn

DSM, the Netherlands-based supplier of vitamins and feed enzymes to feed mills, has reported revenues for 2014 of €9.2bn – up 4%. Group profits (EBITDA) for the year came in at €1.17bn – down 7%.

The nutrition division accounted for 47% of the business and 73% of profits. Nutrition volumes were up 3% with pricing down 1%. Margins declined year on year due to the greater focus and weighting toward lower-margin animal nutrition.