SY1.DE - Symrise AG
| Previous close | 101.05 |
| Open | 101.65 |
| Bid | 100.80 x 7700 |
| Ask | 100.85 x 107900 |
| Day's range | 100.05 - 101.75 |
| 52-week range | 91.52 - 115.05 |
| Volume | |
| Avg. volume | 369,882 |
| Market cap | 14.275B |
| Beta (5Y monthly) | 0.50 |
| PE ratio (TTM) | 51.04 |
| EPS (TTM) | 1.98 |
| Earnings date | 02 Aug 2023 |
| Forward dividend & yield | 1.05 (1.04%) |
| Ex-dividend date | 11 May 2023 |
| 1y target est | 116.68 |
- Reuters
Germany's Symrise Q1 sales jump on high demand, price hikes
Symrise, whose fragrances go into the perfumes of French luxury giants LVMH and Kering, has continued to raise selling prices this year to offset energy and raw material inflation, as it bets on the high-margin pet food ingredients business to drive growth. "Despite high inflation and continued volatility in our markets, we are optimistic about the rest of the year and expect robust demand," CEO Heinz-Juergen Bertram said in a statement. Sales in the Taste, Nutrition & Health business, which includes pet food ingredients, rose 15.6% to 776.1 million euros in the first quarter.
- Reuters
Symrise shares slip on fragrance cartel probe
(Reuters) -Shares in Symrise dropped as much as 4% on Wednesday after Swiss antitrust authorities said the German group was subject to an investigation into an alleged fragrances cartel, though the company sought to play down its role in the probe. Symrise confirmed it was involved as a witness in the probe, which includes rivals Givaudan SA, Firmenich International and International Flavors & Fragrances Inc, and would provide requested documents to authorities. "We don't consider ourselves as affected," Symrise's Chief Executive Heinz-Juergen Bertram said in a media call.
ReutersFlavour maker Givaudan's sales slow as North America weighs
(Reuters) -Swiss fragrance and flavour maker Givaudan on Wednesday posted a slowdown in end-year sales, putting further strain on margins in a year marked by high input costs and supply chain disruptions. The group, which has so far passed the steep cost increases on to customers including cosmetics firms and drinks makers, suffered from slowing sales in the latter half of 2022, driven by a decline in its flavours business in North America. Group sales increased by 5.3% on a like-for-like basis to 7.1 billion Swiss francs ($7.7 billion) in 2022, but grew only 2.9% on the same basis in the final quarter.
ZacksAll You Need to Know About Symrise AG Unsponsored ADR (SYIEY) Rating Upgrade to Strong Buy
Symrise AG Unsponsored ADR (SYIEY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
- Reuters
Symrise hikes forecast as higher prices, demand offset soaring costs
(Reuters) -German flavour and fragrance maker Symrise forecast faster 2022 sales growth on Tuesday as it seeks to counter soaring cost inflation with price hikes while demand for its products remains robust. The company, whose fragrances go into the perfumes of French luxury giants LVMH and Kering, now sees full-year organic sales growth significantly above 7%, compared with the 5% to 7% range it had forecast in March. The group managed to pass on the bulk of the higher costs to customers in the first half of the year, but still had a "little ways to go", Chief Executive Heinz-Juergen Bertram told reporters in a call.