CSM reports 43% increase in EBITA for 2010
CSM delivered a 42.9% increase in EBITA before integration & acquisition charges to € 215.2 million in 2010, with sales up by 17% to € 2,990.1 million. The acquisition of Best Brands, effective cost and raw materials management, an improving growth trend at Bakery Supplies and solid growth at Purac were the main contributors to this improved performance. Despite an ongoing economic challenging environment, we returned to organic sales growth in the second half of the year, clearly showing that our competitive strength and strategic capabilities are delivering results.
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