On track for 2024

  • Sectors : Foods
  • Companies : DSM-Firmenich

Ratings and price correct at time of issue.

  • DSM-Firmenich

    Closing Price: 10570c

  • RATING 09/10/20

  • PREVIOUS RATING 13/02/20



Dsm-firmenich has delivered a solid start to FY24, with Q1 EBITDA in line with expectations. Group performance was supported by strong fragrance demand within Perfumery & Beauty (P&B), and Taste, Texture & Health (TTH) seeing improved end-market momentum with destocking normalising. Animal Nutrition was weaker than expected. FY24 EBITDA guidance is unchanged, with management remaining cautious as to the robustness of market recovery trends. As such, we envisage limited changes to our forecasts.

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May 2 2024, 08:00 IST/BST