dsm-firmenich at 14-mth highs as volumes drive Q2 beat
** Shares in dsm-firmenich DSFIR.AS rise around 3%, touching their highest price in 14 months, after the Dutch chemicals maker posted H1 results above market expectations
** dsm-firmenich posts Q2 EBITDA of 513 million euros, 3% ahead of Vara consensus and "marginally ahead of buyside expectations", a trader says
** The trader says Q2 organic sales growth at 7% is driven by the "high PE" businesses of perfumery and beauty, and taste, texture and health, which grew by 13% and 12% respectively
** Degroof Petercam, J.P.Morgan say Q2 is boosted by strong volumes, with improved demand environment in the above divisions
** Degroof Petercam ups PT by 2.3% to EUR 132, "reflecting the strong performance in the highest valued segment"
** dsm also upgrades FY EBITDA outlook to 2 billion euros ($2.16 billion), vs 1.9 billion euros previously
** "The upcoming separation of the animal nutrition and health business can be a catalyst to unlock value," KBC Securities adds
($1 = 0.9240 euros)
Reporting by Anna Peverieri
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