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    DSM   NL0000009827

ROYAL DSM N.V.

(DSM)
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Royal DSM N : DSM's global head office to move to Maastricht, the Netherlands

07/15/2021 | 04:03am EDT

DSM will apply the highest sustainability standards (BREEAM) in the design and construction of the office, which will be energy neutral. The user experience and DSM's hybrid working principles form the basis of the design. The new office will be an integral part of DSM's connected network of global business and R&D headquarters, regional head offices, (home) offices and manufacturing locations.

Geraldine Matchett and Dimitri de Vreeze, Co-CEOs of Royal DSM, commented: 'DSM's new head office is more than a new building: it's an inspiring, healthy and open place that will be stylishly integrated in the environment and the community around it. We're looking forward to providing a positive working environment for employees and visitors, with wellbeing and sustainability at the heart.'

The new office is located in the middle of a vibrant, urban environment in Maastricht's city center (Wyck district), with a train station, hotels and other services in close proximity. The plot in Maastricht consists of two buildings - a historic monument and a cinema - that will be combined, renovated, and refurbished to give them a new life and a new purpose. By connecting the old with the new the office will reflect the company's historic roots and the modern, inclusive, innovative and purpose-led organization of today.

The current head office in Heerlen has been a good home to DSM for many years. DSM explored several options to future-proof its office infrastructure in the Limburg region. This led to the decision not to re-open the Sittard office and showed that building a new head office on the designated plot in Maastricht is a great long-term solution, facilitating the company's hybrid way of working. DSM will work closely with the local municipality to find a suitable new owner for the Heerlen office.

Disclaimer

Koninklijke DSM NV published this content on 15 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 July 2021 08:02:04 UTC.


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Financials
Sales 2021 8 960 M 10 502 M 10 502 M
Net income 2021 1 353 M 1 586 M 1 586 M
Net Debt 2021 1 096 M 1 284 M 1 284 M
P/E ratio 2021 20,7x
Yield 2021 1,40%
Capitalization 30 952 M 36 244 M 36 276 M
EV / Sales 2021 3,58x
EV / Sales 2022 3,37x
Nbr of Employees 21 173
Free-Float 91,1%
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Mean consensus OUTPERFORM
Number of Analysts 25
Last Close Price 181,50 €
Average target price 181,51 €
Spread / Average Target 0,01%
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Managers and Directors
Dimitri de Vreeze Co-Chief Executive Officer & COO
GÚraldine Matchett Co-Chief Executive Officer & CFO
Thomas Leysen Chairman-Supervisory Board
Eileen A. Kennedy Member-Supervisory Board
Pradeep Pant Member-Supervisory Board
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