Symrise

H1 in-line; guidance reiterated

  • Sectors : Foods
  • Companies : Symrise

Ratings and price correct at time of issue.

  • Symrise

    Closing Price: 11675c

  • RATING 24/03/20

  • PREVIOUS RATING 15/01/19

    NEUTRAL

DAVY VIEW

Symrise has delivered an in-line H1 result with EBITDA growing 11.5% year-on-year (yoy). The EBITDA out-turn included a first-time contribution of €25m from its efficiency programme. Good progress on free cash generation was notable. With guidance unchanged, we do not envisage any material change to our FY EBITDA forecast. A conference call will take place at 10:00 GMT.

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Aug 1 2024, 08:12 IST/BST

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