Firmenich: The latest figures, news and market research on Firmenich

Turnover: 4.9 billion EUR (2022)

Country: Switzerland

The Swiss family-owned Firminich Group, the world's largest family-owned company in the flavours and fragrances sector
Number two in the sector
In March 2020, the company acquired DRT, a French company with sales of €500 million (foodingredientfirst) and is the world leader in essences extracted from pine products

News

DSM-Firmenich plans to sell its Animal Health & Nutrition division due to volatile vitamin prices 19/02/2024

Merger between DSM and Firmenich in mid-2022.
Sale of Animal Health & Nutrition (ANH) division planned for 2025.
ANH sales in 2022: 3.2 billion euros, or 26% of the Group total.
DSM-Firmenich sales down 7% to 12.3 billion euros in 2023
ANH sales down by 15%.
ANH is based in Kaiseraugst, Switzerland, and employs around 6,000 people.
The three remaining divisions after the demerger are Perfumery & Beauty (sales of 3.7 billion euros in 2023), Taste, Texture & Health (sales of 3 billion euros), and Health, Nutrition & Care (HNC with sales of 2.3 billion euros)
The group will have total sales of 9 billion euros after the demerger.

Industrial fragrances: Firmenich strengthens its position before merging | Industrial fragrances: Firmenich strengthens its position before merging. 05/08/2022

Firmenich: 11,000 employees
Annual sales (to end June) up +10.5% to 4.8 billion euros
One of the world's leading fragrance and flavor manufacturers
Swiss group to merge with Dutch DSM, announced in late May
The "perfumes & beauty" business of the new DSM Firmenich entity will account for 3.3 billion euros, or around 29% of total sales

Financial Data

DUNS: 572020253

Legal Name: FIRMENICH ET COMPAGNIE

Address: 41 RUE DE VILLIERS & 43, 92200 NEUILLY-SUR-SEINE

Number of employees: Entre 250 et 499 salariés (2021)

Capital: 5 000 000 EUR

Financial Data:

Year	2022	2021	2020	2019	2018	2017	2016	2015
Turnover	80 852 371	78 725 038	73 089 140	71 020 760	73 686 988	77 107 710	68 333 380	64 738 773
Gross margin (€)	82 431 976	79 832 946	74 369 157	73 078 820	75 564 425	78 987 190	69 569 134	-
EBITDA (€)	11 860 321	8 861 348	11 562 812	10 006 685	11 090 095	11 855 877	8 821 319	-
Operating profit (€)	10 923 272	7 696 518	9 953 431	10 689 838	10 126 044	12 138 463	7 144 839	-
Net profit (€)	7 999 428	6 264 278	7 228 679	7 682 880	6 956 244	7 893 234	5 687 539	4 219 973
Turnover growth rate (%)	2,7	7,7	2,9	-3,6	-4,4	12,8	-	-
Ebitda margin rate (%)	14,7	11,3	15,8	14,1	15,1	15,4	12,9	-
Operating margin rate (%)	13,5	9,8	13,6	15,1	13,7	15,7	10,5	-
Working Capital (turnover days)	40,7	35,7	35,8	64,3	54	60,3	64	-
Working Capital requirements (turnover days)	-24,5	-19,5	-11,5	-17,3	-10,5	-20,7	-18,4	-
Net margin (%)	9,9	8	9,9	10,8	9,4	10,2	8,3	-
Added value / Turnover (%)	79	80,9	77,4	76,6	76,8	76,9	75,1	-
Wages and social charges (€)	50 234 513	51 495 606	43 494 219	41 744 277	44 028 179	44 392 270	40 766 670	-
Salaries / Turnover (%)	62,1	65,4	59,5	58,8	59,8	57,6	59,7	-