Key business figures at a glance

Our activities are grouped in three clusters: Nutrition, Materials and Innovation Center. We report separately on Corporate Activities. Results presented in this section (and elsewhere in this Report) relate to consolidated activities only (therefore non-consolidated partnerships are excluded).

Net sales

x million

2019

20182

 
 
 

Nutrition

6,028

5,722

Materials

2,746

2,913

Innovation Center

194

172

Corporate Activities

42

45

 
 
 

Total

9,010

8,852

Adjusted EBITDA

x million

20191

20182

 
 
 

Nutrition

1,250

1,117

Materials

509

512

Innovation Center

22

8

Corporate Activities

(97)

(105)

 
 
 

Total

1,684

1,532

Adjusted EBITDA margin

in %

20191

20182

 
 
 

Nutrition

20.7

19.5

Materials

18.5

17.6

 
 
 

Total

18.7

17.3

Adjusted operating profit (EBIT)

x million

20191

20182

 
 
 

Nutrition

881

821

Materials

363

383

Innovation Center

(19)

(14)

Corporate Activities

(150)

(135)

 
 
 

Total

1,075

1,055

Capital employed at 31 December

x million

20191

2018

 
 
 

Nutrition

6,731

5,683

Materials

1,927

1,878

Innovation Center

616

597

Corporate Activities

37

23

 
 
 

Total

9,311

8,181

ROCE

in %

20191

20182

 
 
 

Nutrition

13.9

14.7

Materials

18.6

20.6

 
 
 

Total

12.0

13.3


1 Including the impact of IFRS 16, see table Impact of IFRS 16.
2
Excluding temporary vitamin effect in 2018 of €415 million sales and €290 million (Adjusted) EBITDA, for further information see table below.

Capital expenditure

x million

2019

2018

 
 
 

Nutrition

420

463

Materials

139

132

Innovation Center

34

32

Corporate Activities

30

26

 
 
 

Total, accounting based

623

653

 
 
 

Non-cash items

4

2

Customer funding

(18)

(9)

 
 
 

Total, cash based

609

646

 
 
 

In % of net sales

6.8

7.31

  1. Excluding temporary vitamin effect in 2018.

R&D expenditure (including associated IP expenditure)

 

x million

as % of net sales

 

2019

2018

2019

20181

 
 
 
 
 

Nutrition

218

206

3.6

3.6

Materials

124

122

4.5

4.2

Innovation Center

70

67

36.0

38.9

Corporate Activities

4

3

10.8

7.1

 
 
 
 
 

Total

416

398

4.6

4.5

  1. Excluding temporary vitamin effect in 2018.

Workforce at 31 December

headcount

2019

2018

 
 
 

Nutrition

14,599

13,628

Materials

4,762

4,643

Innovation Center

726

701

Corporate Activities

2,087

2,005

 
 
 

Total

22,174

20,977

Temporary vitamin effect 2018

x million

Animal Nutrition & Health

Human Nutrition & Health

Total Nutrition1

Total
DSM2

 
 
 
 
 

Net sales

3,134

2,019

6,137

9,267

One-time
vitamin effect

385

30

415

415

Sales from underlying business

2,749

1,989

5,722

8,852

 
 
 
 
 

Adjusted EBITDA

 
 

1,407

1,822

One-time
vitamin effect

 
 

290

290

Adjusted EBITDA underlying business

 
 

1,117

1,532

 
 
 
 
 

Adjusted operating profit (EBIT)

 
 

1,111

1,345

One-time vitamin effect

 
 

290

290

Adjusted operating profit (EBIT) underlying business

 
 

821

1,055

 
 
 
 
 

Adjusted net operating free cash flow

 
 
 

810

One-time vitamin effect

 
 
 

265

Adjusted net operating free cash flow underlying business

 
 
 

545

  1. Including other Nutrition businesses not impacted by the vitamin effect.
  2. Including other DSM businesses not impacted by the vitamin effect.