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Stock impact report

Symrise Shares Rise on Expectations of Sales Growth, Margin Recovery [MarketWatch]

SYMRISE AG UNSP/ADR (SYIEY) 
NASDAQ:AMEX Investor Relations: symrise.com/investors
Company Research Source: MarketWatch
At 1022 GMT, shares rose 4.6% to EUR101.00, recovering from recent losses and reaching to a year-to-date gain of 1.6%. Advertisement The German supplier of chemical ingredients to the food and cosmetics industries said 2023 sales rose to 4.73 billion euro ($5.14 billion) from EUR4.61 billion of the prior year. The German supplier of chemical ingredients to the food and cosmetics industries said 2023 sales rose to 4.73 billion euro ($5.14 billion) from EUR4.61 billion of the prior year. The company's organic sales were above consensus estimates and peers in the flavors-and-fragrances industry, Bernstein analysts Gunther Zechmann and James Hooper said in a research note to clients. For 2024, Symrise targets organic sales growth of 5% to 7%, and expects an earnings before interest, taxes, depreciation, and amortization margin of around 20%. For 2025, sales are forecast at EUR5.5 billion to EUR6.0 billion, while for 2028 they are seen at EUR7.5 billion to EUR8.0 billion. Advert Show less Read more
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