Integrated Annual Report 2023

(photo)

Key data

Reporting period

The sustainability data includes information from the combined entity for 12 months (DSM and Firmenich are reported as of 1 January 2023). The sustainability data in this Report cover all entities that belong to the scope of the Consolidated financial statements. If this is not the case this is mentioned specifically. As this is the first year of reporting for dsm-firmenich, no comparative data is available for 2022. For more information, see Sustainability statements.

The financial data includes information from the combined entity for 12 months, which includes Firmenich as of 1 January 2023 (pro forma, see Concepts and ratios). It also includes information that is presented in accordance with IFRS, which includes Firmenich from the merger date onwards.

Key data sustainability performance

 

 

2023

Workforce at 31 December (headcount)

 

29,301

Female:male ratio

 

37:63

Female:male ratio (Global Management Team)

 

35:65

Total employee benefit costs (in € million)

 

2,891

Frequency Index Total Recordable Incident Rate

 

0.31

Employee Engagement Index (in %)

 

82

Primary energy use (in TJ)

 

19,300

Greenhouse gas emissions, Scope 1 and 2 (in kt CO2e)

 

915.4

Greenhouse gas emissions, Scope 3 (in kt CO2e)

 

9,996
Key data financial performance

x € million

 

Pro forma
2023

 

IFRS-based
2023

Sales from continuing operations

 

12,310

 

10,627

Adjusted EBITDA from continuing operations1

 

1,777

 

1,443

Adjusted operating profit from continuing operations (EBIT)1

 

666

 

430

Operating profit (loss) from continuing operations (EBIT)

 

(173)

 

(497)

Net profit (loss) for the year from continuing operations

 

(550)

 

(636)

Core adjusted net profit for the year from continuing operations1

 

555

 

380

Adjusted gross operating free cash flow from continuing operations1

 

999

 

856

Capital expenditure, cash based

 

734

 

684

Dividend for dsm-firmenich shareholders (based on profit appropriation)2

 

 

 

663

Net debt

 

 

 

2,215

Shareholders’ equity

 

 

 

22,908

Total assets

 

 

 

34,270

Capital employed

 

 

 

26,766

Market capitalization at 31 December3

 

 

 

24,442

 

 

 

 

 

Other financial indicators

 

 

 

 

 

 

 

 

 

Per ordinary share in €

 

 

 

 

Earnings per share

 

 

 

9.14

Core earnings per share1

 

2.03

 

1.54

 

 

 

 

 

Financial ratios (%)

 

 

 

 

Adjusted EBITDA margin (continuing operations)1

 

14.4

 

13.6

Working capital/annualized net sales (continuing operations)

 

31.1

 

31.1

Core adjusted ROCE (continuing operations)1

 

5.2

 

 

Equity/total assets

 

 

 

67.3

1

In presenting and discussing dsm-firmenich’s financial position, operating results and cash flows, dsm-firmenich (like many other publicly listed companies) uses certain Alternative performance measures (APMs) not defined by IFRS and referred to as ‘(Core) Adjusted’. These APMs are used because they are an important measure of dsm-firmenich’s business development and dsm-firmenich’s management performance. A reconciliation of IFRS performance measures to the APMs is given in Note 2 Alternative performance measures to the Consolidated financial statements.

2

Subject to adoption of the resolution by the General Meeting of Shareholders to be held on 7 May 2024.

3

Source: Bloomberg.

Topic filter

Results