DGAP-News: Symrise AG / Key word(s): Development of Sales
Solid sales growth - profitability target confirmed
Symrise remains confident that it will achieve an EBITDA margin at the lower end of the guidance range of 21 to 22 % for full year 2020.
The Company aims to increase its annual sales to € 5.5 to 6.0 billion by 2025. Symrise wants to achieve this with annual organic growth of 5 to 7 % (CAGR) as well as additional targeted acquisitions. In the medium term, profitability should remain within a target corridor of 20 to 23 %.
Symrise is a global supplier of fragrances, flavors, food, nutrition and cosmetic ingredients. Its clients include manufacturers of perfumes, cosmetics, food and beverages, pharmaceuticals and producers of nutritional supplements and pet food.
Its sales of approximately € 3.4 billion in the 2019 fiscal year make Symrise a leading global provider. Headquartered in Holzminden, Germany, the Group is represented by more than 100 locations in Europe, Africa, the Middle East, Asia, the United States and Latin America.
Symrise works with its clients to develop new ideas and market-ready concepts for products that form an integral part of everyday life. Economic success and corporate responsibility are inextricably linked as part of this process. Symrise - always inspiring more .
26.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
+49 (0)5531 90 0
DE000SYM9999, DE000SYM7787, DE000SYM7704
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID:
End of News
DGAP News Service