dsm-firmenich

Q3 in-line, guidance raised to reflect temporary vitamin effects

  • Sectors : Foods
  • Companies : dsm-firmenich

Ratings and price correct at time of issue.

  • dsm-firmenich

    Closing Price: 11230c

  • RATING 09/10/20

  • PREVIOUS RATING 13/02/20

    NEUTRAL

DAVY VIEW

dsm-firmenich has delivered an in-line result for Q3 with EBITDA +32% year-on-year (yoy). As expected, FY guidance was raised to reflect recent dislocation in the vitamin market. We envisage limited change to consensus forecasts. Recent share price weakness looks overdone.

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Oct 31 2024, 07:30 GMT

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