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SY1 — Symrise AG News Story

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Brief: Symrise Lowers FY Organic Growth Outlook To 2.3%-3.3% From 3%-5% Due To Macroeconomic Challenges

Oct 28 (Reuters) - SYMRISE AG SY1G.DE:

Q3 ORGANIC GROWTH AT 1.4%

LOWERS FY ORGANIC GROWTH OUTLOOK TO 2.3%-3.3% FROM 3%-5% DUE TO MACROECONOMIC CHALLENGES

COMFIRMS FY OUTLOOK OF EBITDA MARGIN OF 21.5% AND BUSINESS FREE CASH FLOW OF 14%

Q3 SALES IN REPORTING CURRENCY AT EUR 1.223 BILLION

Q3 PORTFOLIO AND EXCHANGE RATE EFFECTS OF EUR 54 MILLION

FY COST SAVINGS OF EUR 40 MILLION CONFIRMED

CONFIRMS ITS MEDIUM-TERM TARGETS FOR 2028

Further company coverage: SY1G.DE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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