Germany's Symrise Q3 organic sales rise 5.3% on higher volumes
Germany's Symrise Q3 organic sales rise 5.3% on higher volumes
Overview
Germany flavors and fragrances supplier's Q3 organic sales grew 5.3%, group sales rose yr/yr
Company repurchased 4.3 mln shares as part of ongoing buyback program
Company reaffirmed full-year 2026 outlook for organic sales growth and EBITDA margin
Outlook
Symrise reaffirms 2026 organic sales growth guidance of 2% to 4%
Company expects 2026 adjusted EBITDA margin of 21.5% to 22.5%
Company expects Q4 sales growth to moderate sequentially from Q3 due to tougher comparables
Result Drivers
VOLUME-DRIVEN GROWTH - Co said Q3 sales growth was mainly driven by higher volumes, supported by solid customer demand and favorable year-on-year comparables
REGIONAL MOMENTUM - Double-digit growth in Asia Pacific and strong growth in Latin America contributed to overall sales performance
SEGMENT PERFORMANCE - Food & Beverage, Naturals, and Aroma Molecules divisions saw notable organic sales growth
Company press release: ID:nEQ4RPK5Qa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
9M Revenue |
| EUR 3.85 bln |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", 6 "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 €100.00, about 0% below its October 27 closing price of €100.05
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago
Reuters Recommended Reads
Oct 28 - Germany's BASF raises core profit outlook again after quarterly beat
Oct 27 - Beiersdorf Q3 sales slightly miss expectations as Nivea weakness persists
Oct 26 - France's MEMSCAP Q3 revenue rises on medical and aerospace strength
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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.)
Recent news on Symrise AG
See all newsCorrected: UPDATE 1-Symrise heads for worst day in 18 years on growth, margin woes
Symrise falls in early trade as margin seen in lower half of guidance range
Symrise flags slower Q4 growth, spending pressure on margins
Germany's Symrise Q3 organic sales rise 5.3% on higher volumes
Brief: Symrise Reports Q3 Group Sales €1.31 Bln