2023-08-02 19:13:06
Published on August 02, 2023 at 9:13 p.m. Modified on August 02, 2023 at 9:15 p.m.
The first harvest of the DSM-Firmenich group, resulting from the marriage between the Dutch DSM, a mining company of the Dutch State converted into nutrition and industrial chemistry, and the Swiss family company expert in fragrances and aromas Firmenich, was mixed. The pro forma figures, calculated as if the merger between equals completed in May 2023 had taken place on January 1, 2022, fell by 5%, to 6.1 billion euros for sales, and by 21% for the operating profit at 929 million. They are consistent with the alert launched at the end of June by the group’s management. The latter did not hide its pessimism for the next semester and reiterated that it expected a result for the year of between 1.8 and 1.9 billion euros.
In question, macroeconomic prospects unfavorable to a revival of its activities, in particular vitamins and animal feed, and a recovery of the Chinese economy slower than anticipated.
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