Dsm-firmenich raises growth outlook in line with expectations (updated)

LVMH Moet Hennessy Louis Vuitton SE

04/11/2026 08:47

Add share reaction in paragraph 1 and bullet 1, context on peer in bullet 5
Nov 4 (Reuters) - Dsm-firmenich DSFIR.AS reported third-quarter core profit a touch above market expectations on Wednesday, citing more contract wins, and raised its full-year growth outlook but failed to impress investors. 
As a supplier to consumer goods, food and nutrition companies, including fragrance makers owned by LVMH LVMH.PA and Kering PRTP.PA, the company is seen as a barometer for demand, pricing and customer buying patterns across global markets.
The stock fell 7.5% by 0805 GMT with analysts saying that consensus was already reflecting the revised outlook, which, combined with quarterly results broadly in line with expectations, was not enough to lift shares
Dsm-firmenich's adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were €482 million ($541.29 million) in the quarter, slightly above the company-provided consensus of €478 million 
Sales rose to €2.37 billion in the quarter, compared with a consensus forecast of €2.36 billion, while like-for-like sales increased 5%, against expectations for 4.7% growth
The group, which raised its full-year sales growth guidance to around 5%, up from previous 2-4%, said that business conditions remain supportive moving into the final quarter of the year
Last month peer Givaudan GIVN.S reported a surge in fine fragrance growth, giving its shares a 7% boost
     
($1 = 0.8905 euros)

(Reporting by Vera Dvorakova and Lucie Barbier in Gdansk; editing by Izabela Niemiec)
((vera.dvorakova@thomsonreuters.com))