Symrise AG Stock Price Remains Stable Amid Industry Developments
Symrise AG, a German chemical manufacturer, has maintained a relatively stable stock price in recent times. The company’s main competitor, Givaudan, has reported its financial results for the second quarter of the year.
Givaudan’s Second Quarter Results
Givaudan’s sales increased by 3.4% year-over-year, which is slightly lower than the expected growth rate of 6.3% on an organic basis. The company’s earnings before interest, taxes, depreciation, and amortization (EBITDA) rose by 4.7% to 973 million francs, with the corresponding margin improving to 25.2% from 24.8%. Givaudan’s net profit also increased to 592 million francs, surpassing the previous year’s value.
Key Performance Indicators
- Organic sales growth: 3.4% year-over-year
- EBITDA: 973 million francs, a 4.7% increase
- EBITDA margin: 25.2%, an improvement from 24.8%
- Net profit: 592 million francs, an increase from the previous year
Medium-Term Goals
Givaudan has maintained its medium-term goals, which include:
- Organic sales growth of at least 4-5% per year
- Free cash flow of at least 12% of sales