date:May 07, 2014
This will result in a positive impact of 50 million per annum by 2015 which will be partially reinvested into external (open) innovation and local, front-line support. Related one-off costs of 28 million were recognized in this quarter.
For 2014 DSM takes a prudent approach, assuming the unfavorable January 2014 foreign exchange rates are maintained for the year. Furthermore, DSM assumes a continued challenging macro-economic environment, with low growth in Europe, modest growth in the US, and