Integrated Annual Report 2024

Two people riding the bike, greeting each other in front of the Dsm headquarters (photo)

Key data

Financial performance

x € million

 

2024

 

Pro forma 20231

Sales from continuing operations

 

12,799

 

12,310

Adjusted EBITDA from continuing operations2

 

2,118

 

1,777

Adjusted operating profit from continuing operations (EBIT)2

 

926

 

666

Operating profit (loss) from continuing operations (EBIT)

 

561

 

(173)

Net profit (loss) for the year from continuing operations

 

280

 

(550)

Core adjusted net profit for the year from continuing operations2

 

849

 

555

Adjusted gross operating free cash flow from continuing operations2

 

1,552

 

999

Capital expenditure, cash based

 

764

 

734

Dividend for dsm-firmenich shareholders (based on profit appropriation)3

 

661

 

663

Net debt

 

2,556

 

2,215

Shareholders’ equity

 

22,511

 

22,908

Total assets

 

33,747

 

34,270

Capital employed

 

26,474

 

26,766

Market capitalization at 31 December4

 

25,825

 

24,442

 

 

 

 

 

Other financial indicators

 

 

 

 

 

 

 

 

 

Per ordinary share in €

 

 

 

 

Basic earnings per share

 

0.94

 

9.14

Core earnings per share2

 

3.10

 

2.03

 

 

 

 

 

Financial ratios (%)

 

 

 

 

Adjusted EBITDA margin (continuing operations)2

 

16.5

 

14.4

Working capital/annualized net sales (continuing operations)

 

27.7

 

31.1

Core adjusted ROCE (continuing operations)2

 

7.6

 

5.2

Equity/total assets

 

67.3

 

67.3

1

Represents the figures on a pro forma basis, including the Firmenich results as if the merger had occurred as of the beginning of the year. The pro forma figures represent the results from continuing operations.

2

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 management performance. A reconciliation of IFRS performance measures to the APMs is given in Note 2 Alternative performance measures to the Consolidated Financial Statements.

3

Subject to adoption of the resolution by the Annual General Meeting to be held on 6 May 2025.

4

Source: Bloomberg.
Sustainability performance

 

 

2024

 

2023

Workforce at 31 December (headcount)

 

28,214

 

29,301

Female:male ratio

 

36:64

 

37:63

Female:male ratio (Executives)

 

31:69

 

34:66

Total employee benefit costs (in € million)

 

3,021

 

2,891

Frequency Index Total Recordable Incident Rate

 

0.24

 

0.31

Employee Engagement Index (in %)

 

79

 

82

Primary energy use (in TJ)

 

17,100

 

19,300

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

 

772.7

 

915.4

Greenhouse gas emissions, Scope 3 (in kt CO2e)

 

11,156

 

10,460

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