Symrise Kicks Off 2024 Fiscal Year with Success

• Symrise AG reports a successful start to the 2024 fiscal year with organic growth of 10.9% and sales growth of 5.0% in reporting currency.
• Group sales increased to €1.3 billion in the first quarter of 2024.
• The company's Scent & Care business saw a 13.7% increase in sales year on year to €516.4 million, with organic sales rising by 16.9%.
• The Taste, Nutrition & Health segment grew sales organically by 7.5%, with sales in the reporting currency remaining almost constant at €775.2 million due to negative currency effects.
• Symrise reaffirms its long-term growth and profitability targets for 2024, expecting to grow faster than the relevant market with a long-term organic growth expectation of 5% to 7%.
• The company aims to achieve sales of €7.5 billion to €8.0 billion by the end of 2028, with an anticipated EBITDA margin of around 20% in 2024.

The next important date, Interim Report Q1 2024, at Symrise is on 25.04.2024.

The price of Symrise at the time of the news was 103,78EUR and was up +0,05 % compared with the previous day.
17 minutes after the article was published, the price was 103,80EUR this corresponds to a plus of +0,02 % since publication.
At this time, the index DAX was at 18.034,50PKT (+0,11 %).

Symrise

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ISIN:DE000SYM9999WKN:SYM999

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