DSM-Firmenich

Robust FY 2021 guidance provided

  • Sectors : Foods
  • Companies : DSM-Firmenich

Ratings and price correct at time of issue.

  • DSM-Firmenich

    Closing Price: 14610c

  • RATING 09/10/20

  • PREVIOUS RATING 13/02/20

    NEUTRAL

DAVY VIEW

DSM’s Q4 result showcases strong momentum across both its Animal and Human Nutrition platforms, bolstered by strong demand for immunity-related products. The EBITDA contribution from Glycom in Q4 was notable. The Materials division saw a strong recovery through Q4. Nutrition guidance infers strong confidence on delivery for the year ahead. We continue to recommend the shares.

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Feb 16 2021, 08:10 GMT

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