Dsm-firmenich expects slightly higher profit margin in 2026 (updated)
12/03/2026 06:48
Adds outlook details in paragraphs 4 and 5, adds additional details in paragraph 6 March 12 - European chemicals maker dsm-firmenich DSFIR.AS on Thursday said it expects a slightly higher adjusted core profit margin in 2026 and said it was focusing on accelerating growth in the next fiscal year. "Macro-economic challenges experienced in the second half of 2025 have continued into the first quarter of 2026, including cautious consumer demand and adverse foreign exchange (FX) effects," the group said in a statement. The group now expects an adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin of 20%, slightly higher than the 19.6% it reported last year, and beating the same figure expected by analysts on average in a company-compiled consensus. Dsm-firmenich, whose products are used in perfumes made by French luxury groups LVMH LVMH.PA and Kering PRTP.PA, said it also sees an organic sales growth of between 2% and 4%, in line with the average of 3.1% expected by analysts. The group noted its outlook assumes no prolonged or significant impact from broader geopolitical developments in the Middle East. The U.S.-Israeli war on Iran and Tehran's attacks on Gulf neighbours have disrupted oil and natural gas exports from the Middle East and forced production stoppages. Fighting has halted shipments via the world's most important oil artery, the Strait of Hormuz, which handles 20% of global oil and LNG supply. (Reporting by Dimitri Rhodes in Gdansk; Editing by Matt Scuffham) ((Dimitri.Rhodes@thomsonreuters.com))