DSM Integrated Annual Report 2022

Key business figures at a glance

With effect from January 2022, our activities are grouped in three operating segments: Animal Nutrition & Health (ANH), Health, Nutrition & Care (HNC) and Food & Beverage (F&B). 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

 

2022

 

2021

 

 

 

 

 

Animal Nutrition & Health

 

3,788

 

3,347

Health, Nutrition & Care

 

2,939

 

2,516

Food & Beverage

 

1,546

 

1,256

Other

 

46

 

47

Total HNB

 

8,319

 

7,166

Corporate Activities

 

71

 

103

Total continuing operations

 

8,390

 

7,269

 

 

 

 

 

Discontinued operations

 

2,090

 

2,199

Total

 

10,480

 

9,468

Adjusted operating profit (EBIT)

x € million

 

2022

 

2021

 

 

 

 

 

Animal Nutrition & Health

 

351

 

 

Health, Nutrition & Care

 

428

 

 

Food & Beverage

 

136

 

 

Other

 

1

 

 

Total HNB

 

916

 

951

Corporate Activities

 

(149)

 

(143)

Total continuing operations

 

767

 

808

 

 

 

 

 

Discontinued operations

 

304

 

359

Total

 

1,071

 

1,167

Adjusted EBITDA

x € million

 

2022

 

2021

 

 

 

 

 

Animal Nutrition & Health

 

546

 

 

Health, Nutrition & Care

 

676

 

 

Food & Beverage

 

266

 

 

Other

 

2

 

 

Total HNB

 

1,490

 

1,467

Corporate Activities

 

(95)

 

(88)

Total continuing operations

 

1,395

 

1,379

 

 

 

 

 

Discontinued operations

 

330

 

463

Total

 

1,725

 

1,842

Capital employed at 31 December

x € million

 

2022

 

2021

 

 

 

 

 

HNB

 

10,639

 

10,011

Corporate Activities

 

21

 

3

Total continuing operations

 

10,660

 

10,014

 

 

 

 

 

Discontinued operations

 

813

 

1,005

Total

 

11,473

 

11,019

Adjusted EBITDA margin

in %

 

2022

 

2021

 

 

 

 

 

Animal Nutrition & Health

 

14.4

 

 

Health, Nutrition & Care

 

23.0

 

 

Food & Beverage

 

17.2

 

 

Total HNB

 

17.9

 

20.5

Total continuing operations

 

16.6

 

19.0

 

 

 

 

 

Discontinued operations

 

15.8

 

21.1

Total

 

16.5

 

19.5

ROCE

in %

 

2022

 

2021

 

 

 

 

 

HNB

 

8.7

 

10.3

Total continuing operations

 

7.3

 

8.7

 

 

 

 

 

Discontinued operations

 

31.1

 

34.1

Total

 

9.3

 

11.1

Capital expenditure

x € million

 

2022

 

2021

 

 

 

 

 

HNB

 

511

 

476

Corporate Activities

 

61

 

67

Total continuing operations

 

572

 

543

 

 

 

 

 

Discontinued operations

 

64

 

71

Total, accounting based

 

636

 

614

 

 

 

 

 

Non-cash items

 

8

 

(44)

Total, cash-based

 

644

 

570

 

 

 

 

 

In % of net sales

 

6.0

 

6.0

Workforce at 31 December

Headcount

 

2022

 

2021

 

 

 

 

 

Continuing operations

 

18,731

 

18,402

Discontinued operations

 

1,951

 

2,956

Total

 

20,682

 

21,358

R&D expenditure (including associated IP expenditure)

 

 

x € million

 

as % of net sales

 

 

2022

 

2021

 

2022

 

2021

 

 

 

 

 

 

 

 

 

Total continuing operations

 

345

 

315

 

4.1

 

4.3