Flavour and Fragrance leadership – demonstrating resilience

  • Sectors : Foods
  • Companies : Givaudan | Symrise


Ratings and price correct at time of issue

Company Rating Date Previous Rating Date Closing Price
Givaudan OUTPERFORM 24/03/20 Neutral 21/06/12 343900chf
Symrise OUTPERFORM 24/03/20 Neutral 15/01/19 10155c


We expect Symrise and Givaudan to emerge from the current crisis with enhanced propositions. We forecast healthy levels of organic revenue and EBITDA growth for FY20. We upgraded both stocks in March, and despite impressive recent share price performance and record valuations, we remain constructive on the fundamentals for both names and the broader Ingredients sector.

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Jun 29 2020, 07:40 IST/BST