Despite the broad raw materials base, especially Scent & Care, the EBITDA margin was close to the lower range of guidance for various reasons. Higher raw material prices burdened, amongst others, EBITDA. The backward integration helped the company to sustain its delivery capability. Reported figures were slightly above our estimates and fitted with consensus.
08 May 2018
Margin at the lower end of the range
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Margin at the lower end of the range
Symrise AG (SY1:WBO) | 0 0 1.0% | Mkt Cap: 8,612m
- Published:
08 May 2018 -
Author:
Martin Schnee -
Pages:
3
Despite the broad raw materials base, especially Scent & Care, the EBITDA margin was close to the lower range of guidance for various reasons. Higher raw material prices burdened, amongst others, EBITDA. The backward integration helped the company to sustain its delivery capability. Reported figures were slightly above our estimates and fitted with consensus.