Symrise again reported strong figures as expected (basically no beat to consensus), which were a notch above our estimates. Interestingly, the company could compensate for the higher raw material prices and reported a higher EBITDA margin. This confirmed our strong view on Symrise.
It seems that management has also become more confident as it has adjusted the profitability guidance moderately upwards.
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Strong performance continues
Symrise again reported strong figures as expected (basically no beat to consensus), which were a notch above our estimates. Interestingly, the company could compensate for the higher raw material prices and reported a higher EBITDA margin. This confirmed our strong view on Symrise.
It seems that management has also become more confident as it has adjusted the profitability guidance moderately upwards.