Sell-side briefing with CEO; recap on Capital Markets Day

  • Sectors : Foods
  • Companies : Symrise

Ratings and price correct at time of issue.

  • Symrise

    Closing Price: 9770c

  • RATING 24/03/20

  • PREVIOUS RATING 15/01/19



We attended a sell-side briefing with Symrise CEO Dr Heinz-Jürgen Bertram in London. We would describe the tone as cautiously optimistic. Initial commentary on 2024 suggests an ambition for organic sales growth in the 5-7% range and EBITDA margin around 20% – with the beginning of 2024 not materially different from H2-23. In this report we summarise the briefing and revisit key themes from the recent Capital Markets Day (CMD) in France. We continue to recommend the shares.

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Nov 17 2023, 08:05 GMT