DSM-Firmenich

Q3 results lend confidence to FY estimates

  • Sectors : Foods
  • Companies : DSM-Firmenich

Ratings and price correct at time of issue.

  • DSM-Firmenich

    Closing Price: 13790c

  • RATING 09/10/20

  • PREVIOUS RATING 13/02/20

    NEUTRAL

DAVY VIEW

DSM’s Q3 result confirms continued momentum across its Nutritional platforms with the associated EBITDA margin towards the top end of its long-term range. Its Materials division saw a strong recovery through September and October with volume growth ‘slightly positive’. We envisage no material change to forecasts and continue to recommend the shares.

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Nov 3 2020, 09:20 GMT

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