Chemicals DSM-Firmenich gets off to a good start on its first day of trading on SIX
DSM-Firmenich will also be listed on the SIX Swiss Exchange from (today) Thursday. The shares of the Dutch-Swiss flavor, fragrance and healthcare group started trading there with a slightly positive trend.
21.05.2026, 09:44
SDA
A price of 62.80 Swiss francs per share was recorded at the start of trading, after just under 30 minutes of trading the shares were trading at 62.90 Swiss francs. Prior to this, all trading in DSM-Firmenich was concentrated on Euronext in Amsterdam, where the shares were 1.3 percent higher at 68.30 euros at the time of reporting.
This means that the shares cost roughly the same on both trading venues, adjusted for exchange rate effects. This is because with a dual listing, arbitrageurs usually ensure that the prices on both stock exchanges remain almost identical. The market capitalization of DSM-Firmenich currently stands at around CHF 15.9 billion.
Particular attention is paid to trading volumes. This is because a high trading volume for DSM-Firmenich in Switzerland will probably determine whether the shares are included in the local SLI or even SMI indices.
Up to the time of reporting, a good 111,000 DSM-Firmenich shares had been traded on the Swiss stock exchange, while in Amsterdam the figure was 78,200 shares after 15 minutes. Prior to that, around 830,000 shares were traded daily on the Dutch stock exchange.
Competition for Givaudan
DSM-Firmenich was created in 2023 from the merger of the Dutch specialty chemicals group DSM with the Geneva-based fragrance and flavorings manufacturer Firmenich. The group employs around 21,000 people and generated sales of around 9 billion euros in its continuing operations in 2025.
Strategically, the company is now focusing much more strongly on fragrances, beauty, health and nutrition, following the sale of the lower-margin animal nutrition business. As a result, DSM-Firmenich is now structurally more similar to the Swiss industry leader Givaudan, which is also listed on the SIX.
In addition to Givaudan, Symrise and International Flavors & Fragrances are also among the most important competitors. According to estimates, the four companies together control more than half of the global fragrance and flavor market.
