Symrise : CMD outlook – Expect confirmation of mid-term targets, growth more challenging on fading price tailwinds primarily in TN&H
>Expect CMD to confirm mid-term growth and margin targets, we/consensus are at the lower end - Symrise will host its CMD in Brittany on 11-12 October, with a focus on the ‘pet world’ of Symrise but also providing a strategy update. We do not expect new financial targets but rather a confirmation of Symrise’s ambition of disproportionate 5-7% organic sales growth (CAGR) above market growth of 3-4%) and a 20-23% adj. EBITDA margin range. The group is targeting sales of...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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