DSM-Firmenich

Good delivery against a more challenging backdrop

  • Sectors : Foods
  • Companies : DSM-Firmenich

Ratings and price correct at time of issue.

  • DSM-Firmenich

    Closing Price: 11280c

  • RATING 11/02/15

  • PREVIOUS RATING 16/07/14

    NEUTRAL

DAVY VIEW

DSM continues to execute well in an environment with broadening complexities. Momentum slowed in the key Human Nutrition segment as larger food and beverage customers showed signs of ‘hesitation’. We see little scope for further organic upgrades over the coming quarters. With the equity +55% year-to-date (best performer on our coverage list), we anticipate profit-taking at current levels.

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Aug 1 2019, 09:25 IST/BST

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