Symrise’s H1 figures looked quite good – at first sight! Furthermore, the company added a new metric (normalised EBIT/EBITDA) and used it for the guidance. In general, some segments had a high previous-year base, which to some extent explains the weaker growth. The new reporting pattern is not that helpful. The reported figures came in short of our forecasts and those of the consensus.
08 Aug 2019
Where has all the growth gone?
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Where has all the growth gone?
Symrise AG (SY1:WBO) | 0 0 1.0% | Mkt Cap: 8,612m
- Published:
08 Aug 2019 -
Author:
Martin Schnee -
Pages:
3
Symrise’s H1 figures looked quite good – at first sight! Furthermore, the company added a new metric (normalised EBIT/EBITDA) and used it for the guidance. In general, some segments had a high previous-year base, which to some extent explains the weaker growth. The new reporting pattern is not that helpful. The reported figures came in short of our forecasts and those of the consensus.