Symrise : Fading growth momentum – Expect a halving of organic growth in Q4
>Better-than-expected growth in Q3 – last time with helping hand from Argentina - Symrise reported group sales of € 1,259m in Q3 2024, largely in line with the consensus of € 1,266m (ODDO BHF € 1,254m) and up 5% y-o-y as 4% FX headwind weighed. Organic growth of 10.2% y-o-y was ahead of the consensus of 9.1% (ODDO BHF 8.4%) and compares with the Q2 2024 level of 12.1%. The latter benefitted from a +2.2pp hyperinflation effect in pricing, dropping to +0.3pp in Q3 2024....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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