- Symrise has raised its full-year EBITDA margin forecast to approximately 21.5%, higher than previous estimates of around 21%.
- The company anticipates organic sales growth between 3% and 5%, slightly surpassing previous estimates of 4.99%.
- For the first half of the year, Symrise reported an EBITDA of €554 million, exceeding the estimate of €552.4 million.
- The first-half EBITDA margin reached 21.7%, compared to an anticipated 21.2%.
- The Taste, Nutrition and Health segment achieved an EBITDA margin of 23.3%, higher than the estimated 22.7%.
- The Scent and Care division reported an EBITDA margin of 19.2%, slightly above the forecast of 19.1%.
- Total sales for the first half amounted to €2.55 billion, slightly below the expected €2.6 billion.
- Organic sales growth for the first half was 3.1%, falling short of the estimated 4.24%.
- Organic sales for the Scent & Care segment grew by 2.9%, marginally above the 2.69% estimate.
- Net income was reported at €268 million, closely aligning with the forecast of €267.8 million.
- Operating cash flow stood at €181 million.
- Analyst recommendations for Symrise include 17 buys, 6 holds, and 1 sell.
A look at Symrise AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
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 Smartkarma Smart Scores, Symrise AG shows a promising long-term outlook. The company excels in growth and resilience, scoring 5 and 4 respectively, indicating a strong trajectory and ability to withstand market challenges. Symrise’s focus on innovation and expansion is a key driver for its growth score, showcasing its potential for future expansion and market dominance. Additionally, its resilience score signifies a solid foundation that can weather uncertainties and disruptions in the industry. While the value and momentum scores are moderate, the high scores in growth and resilience position Symrise AG favorably for sustained success in the long run.
Symrise AG, a diversified chemical manufacturer, is poised for long-term success with its strong performance across key factors including growth and resilience. Specializing in the production of a wide range of products such as perfume oils, fragrance bases, cosmetic raw materials, and more, Symrise serves a diverse customer base in industries ranging from cosmetics to food and pharmaceuticals. With a focus on innovation and market stability, Symrise’s high growth and resilience scores in the Smartkarma Smart Scores highlight its potential for continued success and growth in the years ahead.
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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