net_left adver left
Detail

Firmenich marks last year of independence with record profit

By Ludwig Burger FRANKFURT (Reuters) - Market share gains in fine fragrances and strong demand for its food ingredients helped Switzerland's Firmenich, which has agreed to merge...
Firmenich marks last year of independence with record profit © Reuters. FILE PHOTO: A logo is pictured in front of flavour and fragrance maker Firmenich production site in Meyrin, Switzerland, May 31, 2022. REUTERS/Denis Balibouse/

By Ludwig Burger

FRANKFURT (Reuters) - Market share gains in fine fragrances and strong demand for its food ingredients helped Switzerland's Firmenich, which has agreed to merge with DSM, deliver a near 11% jump in adjusted annual earnings on Friday.

Dutch specialty chemicals maker DSM in May struck back-to-back deals to sell its engineering plastics division and to combine with Firmenich to focus on the fast-growing food, fragrance and health products markets.

Family-controlled Firmenich said its full-year earnings before interest, tax, depreciation and amortisation (EBITDA), adjusted for one-offs, reached a record high of 905 million Swiss francs ($946 million) for the full year ended June 30.

It said in a statement its earnings were also bolstered by 20% growth in sugar replacement products and a business with makers of plant-based proteins that more than doubled.

Shaky supply chains prompted Firmenich to keep higher stocks of raw materials, resulting in a 5.9% drop in adjusted free cash flow, which it said was also hit by cost inflation.

DSM, whose leadership team will head the combined group, this week reiterated its full-year profit guidance for its core business areas health, nutrition and bioscience.

While DSM's adjusted EBITDA is still projected to grow by a "high-single digit" percentage, Firmenich, said on Friday it would not provide short-term earnings guidance.

"The two companies are getting into this merger from a position of strength and I think the record year that we have announced is another proof that this is the case," Firmenich CEO Gilbert Ghostine told Reuters.

Under the merger, which is expected to be wrapped up during the first half of next year, DSM shareholders will take a 65.5% stake, while the family behind unlisted Firmenich will get 34.5%plus 3.5 billion euros ($3.58 billion) in cash.

($1 = 0.9564 Swiss francs)

($1 = 0.9773 euros)

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
19-08-2022 15:06:54 (UTC+7)

EUR/USD

1.0088

0.0000 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

EUR/USD

1.0088

0.0000 (0.00%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

GBP/USD

1.1898

-0.0032 (-0.27%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (6)

USD/JPY

136.74

+0.87 (+0.64%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (0)

AUD/USD

0.6909

-0.0009 (-0.13%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

USD/CAD

1.2968

+0.0022 (+0.17%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (5)

Sell (2)

EUR/JPY

137.93

+0.85 (+0.62%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (2)

EUR/CHF

0.9660

+0.0008 (+0.08%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (3)

Gold Futures

1,765.85

-5.35 (-0.30%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Silver Futures

19.142

-0.322 (-1.65%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Copper Futures

3.6233

-0.0082 (-0.23%)

Summary

↑ Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (1)

Sell (8)

Crude Oil WTI Futures

90.16

-0.34 (-0.38%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Brent Oil Futures

96.28

-0.31 (-0.32%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (1)

Natural Gas Futures

9.117

-0.071 (-0.77%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (10)

Sell (1)

US Coffee C Futures

214.80

-2.65 (-1.22%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Euro Stoxx 50

3,761.75

-15.63 (-0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (4)

S&P 500

4,283.74

+9.70 (+0.23%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (0)

Sell (8)

DAX

13,630.63

-66.78 (-0.49%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (2)

FTSE 100

7,547.10

+5.25 (+0.07%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Hang Seng

19,772.50

+8.59 (+0.04%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (3)

US Small Cap 2000

2,000.73

+13.41 (+0.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (2)

IBEX 35

8,381.34

-48.96 (-0.58%)

Summary

Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (5)

BASF SE NA O.N.

43.365

-0.075 (-0.17%)

Summary

Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (3)

Bayer AG NA

53.47

-0.59 (-1.09%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Allianz SE VNA O.N.

177.08

-1.44 (-0.81%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (8)

Adidas AG

166.32

-1.20 (-0.72%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (8)

Sell (1)

Deutsche Lufthansa AG

6.370

-0.196 (-2.99%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Siemens AG Class N

109.81

-0.45 (-0.41%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (4)

Sell (4)

Deutsche Bank AG

8.691

-0.177 (-2.00%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

 EUR/USD1.0088↑ Sell
 GBP/USD1.1898↑ Sell
 USD/JPY136.74↑ Buy
 AUD/USD0.6909↑ Sell
 USD/CAD1.2968Buy
 EUR/JPY137.93↑ Buy
 EUR/CHF0.9660Neutral
 Gold1,765.85↑ Sell
 Silver19.142↑ Sell
 Copper3.6233↑ Sell
 Crude Oil WTI90.16↑ Buy
 Brent Oil96.28↑ Buy
 Natural Gas9.117↑ Buy
 US Coffee C214.80↑ Sell
 Euro Stoxx 503,761.75↑ Sell
 S&P 5004,283.74Sell
 DAX13,630.63Neutral
 FTSE 1007,547.10↑ Buy
 Hang Seng19,772.50Neutral
 Small Cap 20002,000.73↑ Buy
 IBEX 358,381.34Sell
 BASF43.365Sell
 Bayer53.47↑ Sell
 Allianz177.08↑ Sell
 Adidas166.32↑ Buy
 Lufthansa6.370↑ Sell
 Siemens AG109.81Sell
 Deutsche Bank AG8.691↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,590/ 6,690
(-10/ -10) # 1,716
SJC HCM6,620/ 6,720
(0/ 0) # 1,750
SJC Hanoi6,620/ 6,722
(0/ 0) # 1,752
SJC Danang6,620/ 6,722
(0/ 0) # 1,752
SJC Nhatrang6,620/ 6,722
(0/ 0) # 1,752
SJC Cantho6,620/ 6,722
(0/ 0) # 1,752
Cập nhật 19-08-2022 15:06:57
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,753.76-4.81-0.27%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V25.34025.840
RON 95-III24.66025.150
E5 RON 92-II23.72024.190
DO 0.05S22.90023.350
DO 0,001S-V24.88025.370
Dầu hỏa 2-K23.32023.780
ↂ Giá dầu thô thế giới
WTI$89.62+0.640.70%
Brent$95.50+0.360.37%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.235,0023.545,00
EUR22.981,7524.268,73
GBP27.175,3928.334,31
JPY167,13176,93
KRW15,2618,59
Cập nhật lúc 15:01:40 19/08/2022
Xem bảng tỷ giá hối đoái
adver main right