Foods

ADM Nutrition – an emerging force in Ingredients with punchy growth targets

  • Sectors : Foods
  • Companies : Kerry Group | Givaudan | DSM | Symrise

Ratings

Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
DSM OUTPERFORM 09/10/20 Neutral 13/02/20 19490c
Givaudan OUTPERFORM 24/03/20 Neutral 21/06/12 471800chf
Kerry Group OUTPERFORM 30/06/09 N/A N/A 11330c
Symrise OUTPERFORM 24/03/20 Neutral 15/01/19 12905c

DAVY VIEW

ADM’s recent investor day confirmed that it is a name to watch in the Ingredients space as it delineated the next phase of growth in its Nutrition division (which straddles the human, animal and pet market). ADM has leveraged its investment and acquisition portfolio to accelerate the business to the vanguard of sector growth. The next phase of ADM’s growth strategy focuses on positioning ADM Nutrition into areas of secular growth while congruently expanding its capacity through continued investment. From FY21, ADM Nutrition is targeting average annual revenue growth of c.10% per annum with operating profit targeted to almost double by FY25.

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Dec 15 2021, 09:50 GMT

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