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DSM Q4 core profit rises 3 pct, narrowly beats estimates – Reuters Africa

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AMSTERDAM, Feb 14 (Reuters) – Dutch speciality chemicals company DSM on Thursday narrowly beat analysts’ expectations with a 3 percent rise in fourth-quarter core profit, at 370 million euros ($417.1 million), and said it would buy back 1 billion euros worth own shares.

Analysts polled by Reuters on average predicted adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) to remain virtually flat at 362 million euros. ($1 = 0.8870 euros) (Reporting by Bart Meijer; Editing by Subhranshu Sahu)