EquityResearch

EUROPE|ChemicalsMay27,2025

*TOMORROW*:FoodIngredients—Healthy

OutgrowthorComingOffaSugarHigh?

WearepleasedtohostPaulGraham,President/CEOoftheAmericas.

divisionforD?hlerGroup,todiscussthelatestintermsofoperating

momentum,supply-chainchallengesandpricingstrategies,givenan

evolvingtariffenvironmentandchangesincustomerbehaviour.Pleasejoin

usat3pmBST/4:00pmCEST/10:00AMEDTonWednesday,28May

2025(REGISTER).

Calldetails:

REGISTERHERE

Wednesday,28May2025

3:00PMBST/4:00PMCEST/10:00AMEDT

HostedbyCharlieBentley(EuropeanChemicalsEquityResearch)

Europeanfoodingredientcompanieshavecontinuedtoreportstrongvolumegrowththrough

1Qandarepositiveonorderbookprogressionthrough2Qdespiteanincreasinglychallenged

staplesend-market.Reformulationandprivate-labelexposuresupportgrowthvs.listed

brandedcustomers,butinvestorsremainscepticalaboutstockinganddemandsustainability.

Meanwhile,foodregulatorychangesintheUSappearincreasinglylikely.Wearedelighted

tohostPaulGraham,President/CEOoftheAmericasforD?hlerGroup,todiscussthelatest

intermsofoperatingmomentum,supply-chainchallengesandpricingstrategies,givenan

evolvingtariffenvironmentandchangesincustomerbehaviour.

Relevantstocks:KYGA,DSFIR,NSISB,GIVN,IFF,SY1,SXT

SpeakerBiography:

PaulGrahamisPresidentCEOoftheAmericasandamemberoftheExecutiveBoardat

D?hlerGroup(2021-Present).HeisalsoPresidentoftheFlavorandExtractManufacturers

Association(F