Food market in North America and Europe

offset, store, supply chain, bakeries, bakery, bakery products, bar, bread, candy, chewing gum, chewing gum, chewing-gum, chocolate, coffee, confectionery, confectionery products, dairy products, degradable plastic, department stores, donut, electronics, electronics industry, food service, frozen dough, fruit, fruit, hotels, hypermarkets, ice cream, ingredient, ingredients, lactic acid, meat, meat products, packaging, packaging, packaging material, pastries, plastic, restaurant, restaurant, snacks, sugar beet, sugar confectionery, supermarkets, tea, textile fibers, wholesale,

interim report 2001 2002 2 csm is an internationally operating company engaged in the development production sale and distribution of food ingredients sugar confec tionery s principal product groups are bakery supplies confectionery lactic acid active business to0business markets consumer aims to achieve profitable expansion through both organic growth acquisitions whilst main taining a sound financial position has its geographical focus europe north america but also operates units south asia quoted on euronext stock exchange amsterdam profile 22 preface 3 key figures 4 board developments fist half year 5 results 6 balance sheet 7 cash flow financing 8 prospects progress per division 9 11 12 industrial processing activities 13 biochemicals 14 statements consolidated profit loss account 16 17 movements shareholders equity summarized