dsm-firmenich reports full year 2025 results

Core Insights - dsm-firmenich reported a stable performance in FY 2025 with sales of €12,521 million, a decrease of 2% from FY 2024, while adjusted EBITDA increased by 8% to €2,279 million [3][25] - The company executed its strategic roadmap by divesting its Animal Nutrition & Health business, allowing a focus on core consumer nutrition, health, and beauty sectors [4][12] - The company aims for organic sales growth of 5-7% and an adjusted EBITDA margin of 22-23% in the mid-term [10] Financial Performance - Continuing operations saw sales of €9,034 million in FY 2025, nearly unchanged from FY 2024, with an organic sales growth of 3% [2][26] - Adjusted EBITDA for continuing operations was €1,772 million, reflecting a 1% increase from the previous year, with an adjusted EBITDA margin of 19.6% [2][26] - Net profit from continuing operations was €342 million, down from €359 million in FY 2024 [2] Business Unit Performance - Perfumery & Beauty (P&B) achieved 3% organic sales growth, with Fine Fragrances showing high-single digit growth, while Beauty & Care faced challenges [28][34] - Taste, Texture & Health (TTH) delivered 4% organic sales growth, supported by synergies, although growth softened in the second half of the year [40][41] - Health, Nutrition & Care (HNC) also reported 3% organic sales growth, driven by strong performance in Dietary Supplements and Early Life Nutrition [48][49] Strategic Initiatives - The company announced a €500 million share repurchase program to commence in Q1 2026, alongside maintaining a stable dividend of €2.50 per share [6][7] - dsm-firmenich is focused on embedding best practices across its organization to drive continuous improvement and operational excellence [9] - The company aims to deliver on its mid-term ambitions, including achieving approximately €350 million in merger synergies [10][11] Sustainability Efforts - dsm-firmenich achieved 100% of purchased electricity from renewable sources ahead of schedule and received a Platinum medal from EcoVadis for sustainability [67][68] - The company aims to reach one billion people with nutritional interventions by 2030, having reached 775 million in 2025 [63][64] - Progress was made in reducing greenhouse gas emissions, with a 31% reduction in Scope 1 & 2 emissions compared to the 2021 baseline [65][66]