Symrise : CMD feedback - Evolutionary strategy update, slightly raised 2024 targets, in line; slight upgrade of 2028 targets to 21-23% EBITDA margin, in line
>Evolutionary strategy update, no dedicated efficiency programme beyond 2024 - Symrise hosted a CMD 7 months after Jean-Yves Parisot took over as CEO, providing a rather evolutionary strategy update compared to the CMD in October 2023 where 'growth' remains the key driver of the new 'One Symrise Strategy'. However, leveraging its global scale by implementing best practices across segments and active portfolio management (both ways) doubled its weight (40% vs 20%) in t...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.
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