Germany's Symrise H1 organic sales rise 2%, outlook reaffirmed
Germany's Symrise H1 organic sales rise 2%, outlook reaffirmed
Overview
Germany flavors and fragrances supplier's H1 organic sales grew 2.0%, with Q2 momentum accelerating
Adjusted EBITDA margin for H1 was 21.8%, supported by profitable sales growth and efficiency measures
Company reaffirmed full-year 2026 outlook and announced planned acquisition of Floral Concept
Outlook
Symrise expects 2026 organic sales growth of 2% to 4%
Company sees 2026 adjusted EBITDA margin of 21.5% to 22.5%
Symrise expects 2026 adjusted Business Free Cash Flow margin above 14%
Result Drivers
FOOD & BEVERAGE, CONSUMER FRAGRANCE, AROMA MOLECULES - Co said Q2 organic sales growth was driven by strong demand in these divisions, especially in North America and Asia Pacific
EFFICIENCY MEASURES - Profitable sales growth and efficiency measures supported earnings development, partially offset by transformation investments and logistics costs
AROMA MOLECULES GROWTH - High-single-digit organic sales growth in Aroma Molecules, driven by double-digit growth in Specialty Fragrance Ingredients and Menthol
Company press release: ID:nEQ6Xp0Mva
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
H1 Revenue |
| EUR 2.54 bln |
|
H1 Organic Growth |
| 2.00% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 9 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the specialty chemicals peer group is "buy"
Wall Street's median 12-month price target for Symrise AG is €95.25, about 6.9% above its July 29 closing price of €89.08
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago
Reuters Recommended Reads
July 30 - Belgium's Azelis H1 revenue rises 3.2% in constant currency
July 28 - UK's Croda H1 sales rise on Consumer Care growth
July 30 - Germany's Alzchem H1 sales rise on strong demand for specialty chemical ingredients
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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