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Press Release Heerlen ( NL ) , 3 August 2021 DSM reports H1 2021 results Highlights¹ Continuing operations results² : ● DSM delivered a very good first half year Group sales + 10 % and Adjusted EBITDA + 22 % ● Total Group : Adjusted net profit up 21 % to € 444m Nutrition : sales + 6 % , organic sales + 6 % , Adjusted EBITDA + 8 % Materials : sales + 33 % , volumes + 33 % , Adjusted EBITDA + 86 % Significant step - up in greenhouse gas reduction target to 50 % by 2030 Full year outlook 2021 : updated to reflect stronger Materials results Net profit of € 1,010m including the book profit of € 567m from the divestments Adjusted Net Operating Free Cash Flow of € 380m , up 11 % Interim dividend of € 0.80 per ordinary share Key figures - continuing operations² in € million Sales Nutrition Materials Adjusted EBITDA Nutrition Materials Innovation Corporate EBITDA Adjusted EBITDA margin H12021 4,488 3,404 971 925 730 232 12 -49 879 20.6 % H1 2020 % Change 4,065 10 % 3,224 6 % 730 33 % 761 22 % 674 8 % 125 86 % 11 -49 683 18.7 % 23E Volume 11 % 7 % 33 % DSM BRIGHT SCIENCE . BRIGHTER LIVING . Price / mix 0 % -1 % 4 % FX -5 % -6 % -4 % Other 4 % 6 % 0 % Co - CEOs statement Geraldine Matchett and Dimitri de Vreeze , co - CEOs , commented : " Our very good start to the year has continued with ongoing positive momentum in our Nutrition business . Materials saw a strong recovery , supported by ongoing restocking through the supply chain . This strong performance in Materials , combined with our unchanged positive outlook for Nutrition , leads us to further increase the full year outlook for the Group . We have achieved these results while also making good progress on our long - term strategic priorities and are realigning our organization following last year's acquisitions in Nutrition and the divestment of Resins & Functional Materials . Good progress has also been made in building our innovation focused growth platforms , including the launch of several new initiatives in personalized and precision nutrition . As a purpose - led company , we constantly seek to maximize our positive impact for all stakeholders . Today we are further accelerating our route to net zero by 2050 by raising our greenhouse gas scope 1 and 2 reduction targets for 2030 from 30 % to 50 % , independently validated by the Science Based Targets initiative . " Outlook 2021 For the full year , DSM continues to expect an Adjusted EBITDA increase in Nutrition at the upper end of its mid - term strategic ambition of high single digit growth . Together with a stronger performance in Materials than foreseen at the Q1 2021 Trading Update , DSM now expects an Adjusted EBITDA growth rate for the Group in the mid - teens , with a continued good Adjusted Net Operating Free Cash Flow . ¹ Adjusted EBITDA is an Alternative Performance Measure ( APM ) that reflects our usual operations results . Organic sales growth is the sum of volume and price / mix . Adjusted Net Operating Free Cash Flow is the CF from operating activities , corrected for the CF of the APM adjustments , minus the CF of capital expenditures and drawing rights . 2 Results and KPIs throughout this document reflect continued operations , excluding the Resins & Functional Materials and associated businesses , classified as ' held for sale ' in September 2020 and sold on 1 April 2021 .