ReutersReuters

Dsm-firmenich rises as narrowed down guidance should 'reassure'

RefinitivLess than 1 min read

** Shares in dsm-firmenich DSFIR rise around 3.5%

** The Dutch chemicals and fragrance maker narrowed down its FY 2025 adjusted EBIDTA guidance to 2.4 billion euros ($2.75 billion)from "above" 2.4 billion euros previously

** J.P.Morgan says the new guidance is close to the consensus of 2.37 billion euros and should "reassure"

** "The three core businesses continue to show sustained growth despite the fact that the YOY comparison is very challenging," says Equita

** "We continue to believe that the market is overly negative on the stock with multiples close to the lows of the historical range," broker adds

** Up to the previous session's close, shares were down 13.2%​ YTD

($1 = 0.8737 euros)

Login or create a forever free account to read this news