- Symrise first half-year sales met expectations at €2.57 billion, slightly above the estimated €2.56 billion.
- Organic sales growth was 11.5%, surpassing the estimate of 10.9%.
- Taste, Nutrition & Health segment achieved 10% organic sales growth, higher than the estimated 8.22%.
- Scent & Care segment saw 14.1% organic sales growth, just below the estimated 15.2%.
- Net income was €239.5 million, slightly below the estimate of €243.7 million.
- Operating cash flow totaled €287.7 million in the first half of the year.
- Symrise’s net debt at the end of the second quarter was €2.24 billion.
- Analyst recommendations include 13 buys, 10 holds, and 2 sells.
A look at Symrise AG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Symrise AG shows a promising long-term outlook. With a strong Momentum score of 5, the company is positioned well for future growth and performance. Additionally, Symrise AG demonstrates resilience with a score of 3, indicating its ability to withstand market uncertainties. This resilience can provide stability for investors over the long run, making Symrise AG a potentially attractive investment option.
Furthermore, Symrise AG‘s Growth score of 3 suggests that the company has potential for expansion and continued development. While the Value and Dividend scores are more moderate at 2, they still contribute to the overall positive outlook for Symrise AG. Taking into account these factors, Symrise AG appears to be a company with solid growth prospects and the ability to deliver value to investors over the long term.
### Symrise AG is a diversified chemical manufacturer. The Company produces perfume oils, fragrance bases, cosmetic raw materials and ingredients, plant extracts, aroma chemicals, flavorings, fruit powders, and seasonings. Symrise’s customers manufacture fragrances, cosmetics, soaps, hair care products, detergents, household products, foods, beverages, and pharmaceuticals. ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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