These savings will be in addition to the previously announced €350m Adjusted EBITDA integration synergies target. Accelerating the growth of ANH in its higher-margin Performance Solutions and Precision Services businessesĬombined, all these actions are expected to result in an estimated saving of around €200 million per year with the full run rate to be reached by the end of 2024.Establishing a new senior executive role, Vitamin Transformation Program Director, reporting directly to the CEO. ![]() Creating a new separate vitamin unit within ANH.Restructuring of the vitamin asset footprint.These actions aim to reduce its exposure to vitamins and related earnings volatility, thereby increasing the company’s earnings quality. Created through two growth companies that are also global sustainability leaders, dsm-firmenich is determined to further enhance its positive impact in the world, continually raising the bar to help tackle climate change, protect nature, and care for people all along the value chain.Īs announced on June 28, 2023, dsm-firmenich made the decision to accelerate a series of planned actions to restructure its vitamin business following the further weakening of the vitamin markets which predominantly impacts the performance of its ANH business. By working closely together with customers to create what is essential for life as well as desirable for consumers yet simultaneously more sustainable for the planet, dsm-firmenich is poised to bring progress to life for billions of people around the world.ĭsm-firmenich is organized in four distinct high-performing businesses, rooted in complementary world-class scientific research and manufacturing excellence: Perfumery & Beauty (P&B) Taste, Texture & Health (TTH) Health, Nutrition & Care (HNC) Animal Nutrition & Health (ANH).ĭsm-firmenich is a purpose-led company where people and planet as well as financial success are at the core of its strategy. The merger of DSM and Firmenich created a world-leader in nutrition, health and beauty, through which its highly integrated portfolio of nutritional, natural and renewable ingredients, together with complementary science capabilities and technologies, will deliver superior innovation-led growth.īy creatively applying proven science and drawing on data-driven innovation capabilities as well as exceptional standards of operational excellence, dsm-firmenich seeks to tackle the tension between what society needs, what people individually want, and what the planet demands in the areas of nutrition, health, and beauty. All of this is underpinned by the attractive opportunities presented by our highly complementary portfolio of ingredients, science and technologies enabling us to deliver superior innovation-led growth as the world leader in nutrition, health and beauty.” Through principally the quality of our core activities, our targeted synergies and the decisive and impactful actions recently announced, we are confident that we will realize our mid-term financial targets. ![]() These are on top of our integration synergy cost savings. We expect these measures to deliver savings of around €200m annually. The performance of our Perfumery & Beauty and Taste, Texture & Health units in the first six months demonstrates the quality of these businesses and the synergy potential of the merger.Īs communicated in our trading update of June 28, 2023, market conditions in our vitamin activities weakened throughout the first half, impacting in particular Animal Nutrition & Health, leading to an acceleration of our plans aimed primarily at structurally improving the earnings quality and reducing the volatility of our vitamins business. ![]() Geraldine Matchett and Dimitri de Vreeze, Co-CEOs, commented: “We are well advanced in the integration phase of the merger and excited by the positive response of customers to our enhanced business proposition, giving us even greater confidence in the delivery of our synergy targets.
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