DSM increases earnings forecast

Chemicals group DSM has increased its 2007 profit forecast and long term targets, the company said on Thursday at a conference for analysts.

The company now expects full-year earnings to reach €820m, some €30 more than earlier estimates, with a 3% margin either side.
Over the long term, DSM expects autonomous growth to reach over 5%, up from its previous estimate of between 3% and 5%.
The company also expects to boost sales in China to $1.5bn, up from its earlier estimate of $1bn.

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