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dsm-firmenich reports H1 2025 results
Globenewswire· 2025-07-31 05:00
Core Insights - dsm-firmenich reported strong performance in H1 2025, with significant organic sales and earnings growth, driven by effective execution of its strategic plan and synergies from its merger [2][6][22] Financial Performance - Sales for H1 2025 reached €6,510 million, a 3% increase from €6,298 million in H1 2024, with organic sales growth of 7% [2][19] - Adjusted EBITDA increased by 29% to €1,260 million from €976 million in H1 2024, with an adjusted EBITDA margin of 19.4% [2][19] - Net profit for the total group surged to €541 million from €50 million in H1 2024, reflecting a 982% increase [2][20] - Core adjusted net profit rose by 47% to €537 million from €365 million in H1 2024 [2][20] Strategic Developments - The company completed the sale of its Feed Enzymes business for €1.5 billion on June 2, 2025, and initiated a €1 billion share buyback program in April 2025 [6][9] - The 2025 outlook for adjusted EBITDA is updated to around €2.4 billion, including an estimated €150 million contribution from temporary vitamin price effects [6][8] Business Unit Performance - Perfumery & Beauty reported a slight decline in sales to €1,989 million, with a 1% organic sales growth, impacted by weak performance in Beauty due to sun filters [32][33] - Taste, Texture & Health achieved €1,686 million in sales, reflecting a 6% organic sales growth, driven by strong performance in both Taste and Ingredients Solutions [42][43] - Health, Nutrition & Care saw sales of €1,072 million, with a 6% organic sales growth, supported by strong demand for dietary supplements [50][51] - Animal Nutrition & Health experienced a robust performance with sales of €1,751 million, marking a 14% increase, driven by strong underlying performance and temporary vitamin price effects [57][58] Cash Flow and Working Capital - Adjusted gross operating free cash flow for H1 2025 was €215 million, down from €460 million in H1 2024, with a sales to cash conversion rate of 3.3% [66][67] - Operating working capital at the end of H1 2025 was €3,827 million, representing 29.6% of sales [66][68] Sustainability Initiatives - The company launched its sustainability program "People.Planet.Progress," focusing on reducing greenhouse gas emissions and responsible sourcing [70][78] - Progress was made towards achieving its 2030 targets, including a 28% reduction in Scope 1 and 2 GHG emissions [79][80]
X @Bitget
Bitget· 2025-07-31 01:33
Hack Seasons lands in Hanoi in time for #GMVietnam2025! ☀️Kick-start your morning with bold ideas and revolutionary builders 🚀#EventWithBitgetMpost Media Group (@mpost_io):Before the first coffee is poured, the future will already be brewing!On August 2, Hack Seasons lands in Hanoi, where mornings start not just with caffeine, but with conversations that move industries forward!Register for free: https://t.co/vATgDOeZAsThis time, we’re not https://t.co/7CkiZGZ7kV ...
X @BitMart
BitMart· 2025-07-30 21:53
🎉 Honored to celebrate 10 years of #Ethereum with @iclblockchain — a decade of innovation, decentralization & impact.Big thanks to everyone who joined us for $ETH prize draws & great vibes 🫡#Web3Community #Ethereum10Imperial Blockchain Group (@iclblockchain):Believe in somETHing… ✨Today, Imperial Blockchain Society had the honor of celebrating 10 years of Ethereum @ethereum @ethereumfndn — a decade of decentralization, innovation, and community.We were thrilled to host this special event in collaboration wi ...
X @Kraken
Kraken· 2025-07-30 20:52
RT Arjun Sethi (@arjunsethi)On the White House’s Digital Assets FrameworkToday the White House released one of the most significant digital asset policy frameworks we have seen to date. It does not try to please everyone and that is a good thing. It picks a direction: pro innovation, pro market, and grounded in the idea that the United States should lead in building the next generation of financial infrastructure.There is a lot in the report. It was also great to see Kraken recognized in the report. A few p ...