Yahoo Finance Symrise Full Year 2023 Earnings: EPS Misses Expectations
Symrise (ETR:SY1) Full Year 2023 Results
Key Financial Results
Revenue: €4.73b (up 2.4% from FY 2022).
Net income: €340.5m (up 22% from FY 2022).
Profit margin: 7.2% (up from 6.1% in FY 2022). The increase in margin was driven by higher revenue.
EPS: €2.44 (up from €2.00 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Symrise EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.2%.
The primary driver behind last 12 months revenue was the Taste, Nutrition & Health segment contributing a total revenue of €2.98b (63% of total revenue). Notably, cost of sales worth €3.04b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Sales & Marketing costs, amounting to €675.8m (50% of total expenses). Explore how SY1's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Chemicals industry in Germany.
Performance of the German Chemicals industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Be aware that Symrise is showing 1 warning sign in our investment analysis that you should know about...
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