DSM-Firmenich
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dsm-firmenich was formed on 20 April 2023 through the merger of Royal DSM and the Swiss company
Firmenich Firmenich SA was a Swiss company in the fragrance and flavor business. The company has created perfumes for over 125 years and produced a number of well-known flavors. Founded in 1895, it merged in May 2023 with the Dutch company DSM to form ...
.


Activities

dsm-firmenich has over 300 locations in more than sixty countries. In 2024, the company achieved a turnover of € 12.8 billion. The activities are divided into four parts, with the abbreviations of these in brackets: Perfumery & Beauty (P&B), raw materials for personal care products; Health, nutrition and care (HNC), health products especially in the field of nutrition; Taste, Texture and Health (TTH), Food and Beverage Ingredients; Animal Nutrition and Health (ANH), animal feed ingredients and health. Turnover is fairly evenly distributed across these four activities, although HNC is the smallest of the four measured by turnover. dsm-firmenich decided to divest the ANH business unit in February 2024.


Results

Sales in 2023 were €12.3 billion, this is on a pro-forma basis, as if the combination had existed for the entire year. The high net profit in 2023 was partly due to the sale of Engineering Materials to Advent International and Lanxess for €3.85 billion. The book profit on this transaction was €2.8 billion. On May 30, 2024, the new dsm-firmenich headquarters in Maastricht was officially opened by Queen Máxima. In February 2025, it reached an agreement with Novonesis. This will take over Feed Enzymes Alliance, a part of ANH, for €1.5 billion. The sold activities achieved a turnover of 300 million euros in 2024. Novonesis will continue to supply food enzymes to ANH. This will make the sale of the rest of ANH easier.


Shares

dsm-firmenich is listed on
Euronext Amsterdam Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange (), it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The re ...
and is a constituent of the
AEX index The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the ''Amsterdam Stock Exchange''. Started in 1983, the index is composed of a maximum ...
. Options on its shares are traded on the European Option Exchange in Amsterdam. In the US, a sponsored unlisted American Depositary Receipts (ADR) programme is provided by Deutsche Bank Trust Co. Americas. These ADR's are listed on the
OTCQX OTC Markets Group, Inc. (formerly known as National Quotation Bureau, Pink Sheets, and Pink OTC Markets) is an American financial services corporation that operates a financial market providing price and liquidity information for almost 12,400 o ...
International Premier Marketplace.


References

{{Authority control Chemical companies of the Netherlands Multinational companies headquartered in the Netherlands Coal companies of the Netherlands Multinational companies Companies based in Limburg (Netherlands) South Limburg (Netherlands) Companies listed on Euronext Amsterdam Companies in the AEX index Chemical companies established in 1902 2023 beginnings