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May 22 2024, 16:31 IST/BST
Foods
The power of fragrance
- Sectors : Foods
- Companies : Treatt plc | Givaudan | DSM-Firmenich | Kerry Group | Symrise
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| DSM-Firmenich | OUTPERFORM | 09/10/20 | Neutral | 13/02/20 | 10700c |
| Givaudan | NEUTRAL | 31/01/24 | Outperform | 24/03/20 | 419600chf |
| Kerry Group | OUTPERFORM | 30/06/09 | N/A | N/A | 7875c |
| Symrise | OUTPERFORM | 24/03/20 | Neutral | 15/01/19 | 10380c |
| Treatt plc | NEUTRAL | 08/04/21 | N/A | N/A | 496p |
DAVY VIEW
We believe the conditions are in place for Fragrance suppliers with superior market positions to continue to outpace industry growth and deliver structurally higher margins. The flywheel of growth, high reinvestment rates and platform build-out, has a compounding effect that enables access to further growth. We expect market share gains to intensify.
