Davy Research

Symrise

Q2 results – organic growth delivery sustained in Flavour and Nutrition
Foods
Symrise

DAVY VIEW

Symrise continues to deliver growth well ahead of market; the strong organic growth momentum from Q1 (5.3%) has continued into Q2 (5.0%) with an impressive performance in both Flavour and Nutrition. Growth in Scent & Care remains challenged – a common trend across the sector. Management updated FY margin guidance to “over 20%” from “approximately 20%”, although this is already reflected in our forecasts. Symrise continues to impress from an organic growth perspective.

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  • Symrise

    Closing Price: 5937c

  • RATING 21/06/12

  • PREVIOUS RATING N/A

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