Symrise : Feedback from sell-side call: pricing initiatives underway to tackle stronger raw material headwinds in 2022; consensus shares CFO's confidence
>Current trading sees Q3 trends continuing, catch-up in beverages/fine fragrance, ‘good momentum’ in pet food - Symrise hosted a sell-side call with the CFO last night. The CFO confirmed continuing trends seen in Q3 21 with a volume-driven catch-up in pandemic-hit sub-segments like beverages (F&N) and fine fragrances, pet food and ADF/IDF protein are still seeing 'good momentum'. Longer lead times and tight supply/demand hardly allows for inventory build-up at custome...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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