Symrise : CEO meeting: 'Cautiousness' dominates H1 2024; on track for 2023, 2024 outlook may stick to 5-7% org. growth/'around 20% margin', in line with css
>On track for FY 2023 - We joined a 'Tea&Coffee with CEO' event organised by Symrise, confirming that Q4, in terms of organic sales growth, may look no different to the 6.5% reported in Q3 (css Q4: 6.7%) and that they see themselves on track for 'around 20% adj. EBITDA margin', also in line with the current consensus of 20.0% or € 954m (ODDO BHF € 949m, 19.7%). Note that our adjusted EBITDA accounts for a € 31m one-off burden primarily related to a fire at a US site. ...Symrise AG develops, produces, and sells fragrances and flavors as well as active ingredients for the cosmetics industry. Co. operates in two main business segments: The Scent & Care segment, which develops, produces and sells fragrances, cosmetic ingredients, aroma molecules and mint aromas and also develops specific application processes for such substances; and The Flavor & Nutrition segment, which develops, produces and sells flavors that are used by customers in the production of food products (savory and sweet food products as well as dairy products) and beverages.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.