CSM Q1 2010 Interim Management Statement
CSM substantially improved Q1 EBITA compared to last year, with EBITA more than doubling to € 40.5 million. EBITA margins recovered to 6.3%. The improvements compared to 2009 Q1 resulted from higher volumes at Purac and a better raw material cost base. The first quarter of 2010 also saw important milestones in our strategic journey for growth with the acquisition of Best Brands and the start of the construction of our lactide plant in Thailand.
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