Earnings Alerts

Symrise AG (SY1) Earnings: 2024 Results Show 14% EBITDA Growth with Margin at 20.7%

By January 30, 2025 No Comments
  • Symrise anticipates an EBITDA margin of about 21% for 2025.
  • For the fourth quarter, net debt stood at €1.84 billion.
  • In 2024, Symrise achieved an EBITDA of €1.03 billion, a 14% increase year-over-year.
  • The EBITDA margin improved to 20.7% in 2024, up from 19.1% the previous year.
  • Taste, Nutrition, and Health segment saw an EBITDA margin of 22.2%, slightly surpassing the estimated 21.7%.
  • Scent and Care segment reported an EBITDA margin of 18.2%, matching estimates.
  • Total sales for 2024 reached €5.00 billion, slightly exceeding the estimated €4.99 billion.
  • Sales in the Taste, Nutrition & Health segment were €3.09 billion, aligning with estimates.
  • Scent & Care sales totaled €1.91 billion, just above the estimated €1.9 billion.
  • Organic sales growth was recorded at 8.7%, marginally below the estimated 9.49%.
  • The Taste, Nutrition & Health segment experienced organic sales growth of 7.8%, versus an estimate of 9.03%.
  • Scent & Care saw organic sales growth of 10.2%, slightly under the 10.3% estimate.
  • Net income for 2024 was €478 million.
  • Symrise expects to grow faster than the relevant market in the future.
  • The company’s long-term growth target remains 5% to 7% CAGR, with expectations to meet this by 2025.
  • Medium-term goals include achieving an EBITDA margin range of 21% to 23%.
  • A free cash flow ratio of around 14% in relation to sales is targeted for 2025.
  • Market analysts have rated the stock with 12 buy ratings, 12 holds, and no sell ratings.

A look at Symrise AG Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Symrise AG shows a promising long-term outlook. With above-average scores in Growth, Resilience, and Momentum, the company appears well-positioned for future success. Symrise AG‘s strong Growth score indicates potential for expansion and increased market share. Additionally, a respectable Resilience score suggests that the company can weather economic uncertainties and maintain stability. Coupled with a decent Momentum score, Symrise AG seems to be gaining traction and investor interest.

Although the Value and Dividend scores for Symrise AG are more moderate, the company’s overall outlook appears positive based on its robust performance in Growth, Resilience, and Momentum metrics. As a diversified chemical manufacturer serving various industries such as fragrances, cosmetics, foods, and pharmaceuticals, Symrise AG‘s solid fundamentals position it well for sustained growth and competitiveness in the market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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