CSM Q1 Interim Management Statement
In the first quarter of 2013, CSM announced the sale of its Bakery Supplies businesses, completion of which is intended in Q3 2013. Overall volumes in the continuing business decreased by 2.5%, with on balance stable volumes at Purac offset by a decline at Caravan Ingredients. EBITA before one-off costs for the continuing business increased slightly from € 14.4 million to € 14.6 million driven by strict cost control. CSM is continuing to increase its investments in new opportunities which will drive future growth.
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