Report
DSM-Firmenich : Towards higher quality
>A strong pivot - Overall, DSM-Firmenich delivered -22% yoy adj. EBITDA growth in FY23 driven by a -22% vitamin impact and -4% from FX headwinds. Excluding these, the adj. EBITDA would have been roughly in line with last year, despite the currency headwinds. This is an important base into FY24, highlighting the relatively conservative character of the guidance (more below). The big news was of course the carve-out the ANH division planned in 2025. Much is yet uncertai...
Underlying
KONINKLIJKE DSM N.V.
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Stefano Toffano
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