Download full report with analyst certification and important disclosures
Aug 8 2019, 12:50 IST/BST
Symrise
Mixed update; conference call struck a more optimistic tone
DAVY VIEW
While the Q2 Flavor organic growth disappointed, management stressed the temporary nature of this on the conference call. The theme of North American sluggishness in flavours has been evident across the ingredients space during this results season. The Nutrition division has assumed the growth baton as pet food and probiotics continue to achieve double-digit growth. While we are likely to moderate our top-line growth forecasts, margin will compensate.
