CSM Q3 2012 Interim Management Statement

CSM reports higher sales and EBITA before one-off costs in the third quarter of 2012 compared to the third quarter of 2011. EBITA excluding one-off costs amounted to € 40.4 million, an increase of € 10.1 million. Our focus on margin improvement and cost reductions paid off and was the most important factor in the recovery of our EBITA before one-off costs. Positive currency effects supported both sales and EBITA. One-off costs related to initiatives for structural cost reduction and the strategic transformation of CSM.

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