Symrise’s Q3 profitability figures especially signalled a more challenging market situation, which was characterised by the negative impact from BASF’s Force Majeure and rising raw material prices accompanied by just some small ability to lift sales prices above a certain amount. Reported profitability was slightly below our expectations, which was also true for consensus.
08 Nov 2018
Upward adjustment of guidance despite burdened margins
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Upward adjustment of guidance despite burdened margins
Symrise AG (SY1:WBO) | 0 0 1.0% | Mkt Cap: 8,612m
- Published:
08 Nov 2018 -
Author:
Martin Schnee -
Pages:
2
Symrise’s Q3 profitability figures especially signalled a more challenging market situation, which was characterised by the negative impact from BASF’s Force Majeure and rising raw material prices accompanied by just some small ability to lift sales prices above a certain amount. Reported profitability was slightly below our expectations, which was also true for consensus.