DSM-Firmenich AG/€DSFIR

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About DSM-Firmenich AG

DSM-Firmenich AG, established in May 2023 through the merger of Dutch company DSM N.V. and Swiss company Firmenich SA, operates in the nutrition, health, and beauty industries. The company is organized into four segments: Perfumery & Beauty, offering fragrance solutions; Taste, Texture & Health, providing food and beverage ingredients; Health, Nutrition & Care, delivering dietary supplements and medical nutrition products; and Animal Nutrition & Health, supplying animal feed ingredients. Headquartered in Kaiseraugst, Switzerland, and Maastricht, Netherlands, DSM-Firmenich has operations in nearly 60 countries and employs approximately 30,000 people. The merger combines DSM's expertise in health and nutrition with Firmenich's capabilities in perfumery and taste, positioning the company to offer integrated solutions across its sectors. (,)

Ticker

€DSFIR
Sector

Primary listing

AEX

Employees

28,608

Headquarters

Kaiseraugst, Switzerland

DSM-Firmenich AG Metrics

BasicAdvanced
€19B
27.90
€2.72
0.98
€2.50
1.40%

Bulls say / Bears say

H1 2025 delivered 7% organic sales growth and a 29% increase in adjusted EBITDA to €1.26 billion, lifting the EBITDA margin to 19.4% and demonstrating strong volume and pricing power across the portfolio (GlobeNewswire).
Q1 2025 trading update reported 8% organic sales growth and a 40% rise in adjusted EBITDA (including an €85 million vitamin effect), driving the margin to 19.9% and confirming continued momentum in core segments (GlobeNewswire).
Completed the sale of its Feed Enzymes Alliance stake to Novonesis for €1.5 billion in June 2025, adding approximately €1.4 billion net proceeds to the balance sheet and strengthening liquidity for strategic investments and debt reduction (GlobeNewswire)
Perfumery & Beauty segment posted only 1% organic growth and a 22.0% adjusted EBITDA margin in H1 2025, reflecting weakness in Beauty & Care and indicating mixed demand in high-margin fragrances (Euronext).
Adjusted gross operating free cash flow in H1 2025 dropped to €215 million from €460 million in H1 2024, with sales-to-cash conversion at just 3.3% versus 7.3% a year earlier, highlighting pressure on cash generation (GlobeNewswire).
The full-year 2025 adjusted EBITDA outlook of approximately €2.4 billion depends on about €150 million of temporary vitamin price effects and roughly €100 million of synergy contributions, indicating underlying EBITDA growth may be modest once these one-off items fade (dsm-firmenich)
Data summarised monthly by Lightyear AI. Last updated on 9 Oct 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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