DAVY VIEW

At its recent Capital Markets Day (CMD), Symrise outlined its long-term targets through 2028, maintaining its organic sales growth ambition of 5-7% CAGR, while raising its EBITDA margin range to 21-23% (previously: 20-23%). The company’s roadmap for sustainable revenue and profit growth is underpinned by its continued emphasis on its three strategic pillars of Growth, Efficiency and Portfolio, with an expanded focus on new priorities under the ONE Symrise strategy. Additionally, Symrise has modestly upgraded its outlook for FY24, now seeking organic growth “above” 7% and EBITDA margin “above” 20%, while its FY25 targets remain in place.