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Press Release Heerlen ( NL ) , 2 November 2021 DSM provides first nine months 2021 trading update Highlights ¹ , 2 ● DSM delivered a very good nine months of the year Group sales + 13 % and Adjusted EBITDA + 20 % ■ Sales ■ Full Year outlook 2021 unchanged Key figures - continuing operations² in € million Nutrition Materials Adjusted EBITDA Nutrition Materials Innovation Corporate Nutrition : sales + 8 % , organic sales + 7 % , Adjusted EBITDA + 8 % Materials : sales + 32 % , organic sales + 35 % , Adjusted EBITDA + 79 % EBITDA Adjusted EBITDA margin Jan - Sept 2021 6,787 5,172 1,446 1,374 1,096 334 17 -73 1,304 20.2 % Jan - Sept 2020 6,026 4,771 1,092 1,144 1,014 187 16 -73 1,020 19.0 % ! % Change 13 % 8 % 32 % 20 % 8 % 79 % 33E Volume 11 % 8 % 24 % Price / mix 1 % -1 % 11 % DSM BRIGHT SCIENCE . BRIGHTER LIVING . FX -3 % -4 % -3 % Other 4 % 5 % 0 % Co - CEOs statement Geraldine Matchett and Dimitri de Vreeze , Co - CEOs , commented : " Good end - user demand throughout the quarter continued the positive momentum of both our Nutrition and Materials businesses . We have delivered another strong period by actively managing the volatile global supply chain dynamics and therefore ensuring we remain able to meet the needs of our customers within the current challenging environment . During the quarter we also provided an update on the acceleration of our strategy as a purpose - led , performance - driven leader in Health , Nutrition & Bioscience , including our new food system commitments . " 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 the strong performance in Materials , DSM expects an Adjusted EBITDA growth rate for the Group in the mid - teens , with a continued good Adjusted Net Ope ing Free Cash Flow . ¹ Adjusted EBITDA is an Alternative Performance Measure ( APM ) that reflects results from usual operations . Organic sales growth is the total impact of volume and price / mix . Adjusted Net Operating Free Cash Flow is the cash flow from operating activities , corrected for the cash flow of the APM adjustments , minus the cash flow of capital expenditures and drawing rights . ² Results and KPIs throughout this document reflect continued operations , excluding the Resins & Functional Materials and associated businesses which were classified as ' held for sale ' in September 2020. The sale was finalized on 1 April 2021 .