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Symrise AG (SY1G.DE)

SY1G.DE on Xetra

24 May 2017
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Latest Key Developments (Source: Significant Developments)

Symrise: aims for EBITDA margin of 20 pct in 2017 after 21.6 pct in Q1
Tuesday, 9 May 2017 01:39am EDT 

May 9 (Reuters) - Symrise Ag :Group sales up by 4.6 % to eur 765.2 million.Adjusted for portfolio and exchange rate effects, organic growth amounts to 5.3 %.Ebitda up by 4.4 % to eur 165.5 million.Ebitda margin with 21.6 % at a high level.Medium-Term targets through to end of 2020 fiscal year remain in effect, including a compound annual growth rate (cagr) of 5-7 % and an ebitda margin of 19-22 %..Will continue to achieve growth on a sustainable basis in 2017, and aims to substantially outperform relevant market.Aims to be highly profitable, with an ebitda margin of approximately 20 %.  Full Article

Symrise doesn't expect big hit from any U.S., Brexit trade barriers
Tuesday, 14 Mar 2017 05:51am EDT 

Symrise : CEO says doesn't expect any major negative consequences from possible trade barriers related to the U.S. and Brexit Further company coverage: [SY1G.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Symrise FY sales, adj EBITDA rise in line with market view
Tuesday, 14 Mar 2017 02:12am EDT 

Symrise AG : Dividend 0.85 eurper share . FY sales rose 12 percent to 2.903 billion eur . Normalized EBITDA increase of 9 % to eur 625.2 million . Reuters poll avg for Symrise 2016 sales was 2.91 bln eur, for 2016 adj EBITDA was 623 mln eur . Normalized net income for fiscal year up 8 % to eur 265.9 million . Looks ahead to 2017 with confidence . Economic environment in current fiscal year is expected to be more challenging than in previous year . Expects to overcome volatility of various raw material prices to a very large extent through its broad access, in particular to natural ingredients . Aims to substantially outperform relevant market, where growth of around 3 % is forecasted . Intends to remain highly profitable with an ebitda margin of around 20 % .Remains fully committed to mid-term objectives extending to end of 2020.  Full Article

Symrise extends contract of CEO Bertram until 2022
Wednesday, 7 Dec 2016 02:07am EST 

Symrise AG :Symrise AG says CEO contract of Heinz-Juergen Bertram extended ahead of schedule until 2022.  Full Article

Symrise doesn't expect to be hit by Brexit - CEO
Thursday, 11 Aug 2016 04:59am EDT 

Symrise CEO : Says can rule out that Brexit vote will have a significant impact on company . Says currently does not see imminent transactions, consolidation of finances is in focus Further company coverage: [SY1G.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Symrise CEO says no transformational deals on the agenda
Tuesday, 10 May 2016 04:27am EDT 

Symrise AG media call: CEO says no transformational deals on the agenda, but will look opportunistically for good fits Further company coverage: [SY1G.DE] ((frankfurt.newsroom@thomsonreuters.com; +49 69 7565 1270;)).  Full Article

Symrise AG Q1 sales below expectations in Q1
Tuesday, 10 May 2016 01:12am EDT 

Symrise AG : Says EBITDAN increase by 6 % to eur 158 million . Says profitability remains strong, with EBITDAN margin of 21.7 % . Says in Q1, symrise increased group sales by 10 % to eur 731.8 million . Says in Q1 increased its sales in reporting currency by 10 % to eur 731.8 million (Q1 2015: eur 668.0 million) . Says EBITDA in segment increased to eur 86.0 million (Q1 2015: eur 85.1 million) . Says symrise has reaffirmed its objective global flavor and fragrances market, which is estimated to be growing at an annual rate of 2-3 % . Says group aims to achieve 2016 EBITDA margin of about 20 % .Reuters poll average for Symrise Q1 sales was 749 million eur, EBITDA 161 million, net income 66.9 million.  Full Article

Symrise AG opens offices and labs in Iran
Thursday, 14 Apr 2016 05:37am EDT 

Symrise AG:Opens its own site in Iran.Symrise will set up sales offices and application-specific laboratories at the site.  Full Article

Symrise AG to propose FY 2015 dividend
Tuesday, 8 Mar 2016 01:00am EST 

Symrise AG:Proposed dividend increase from 0.75 to 0.80 euros per share​ for FY 2015.  Full Article

Symrise AG places 500 million euros promissory note loan
Tuesday, 24 Nov 2015 04:00am EST 

Symrise AG:Successfully places 500 million euros promissory note loan to finance Pinova Holdings acquisition.High oversubscription enabled increase in volume from 250 million to 500 million euros.Pricing at lower end of marketing range.Proceeds to be used for financing of Pinova Holdings acquisition and other growth projects.Funding base and maturities profile further diversified through placement with European and German institutions.  Full Article

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