|Bid||125.45 x 7700|
|Ask||125.45 x 107900|
|Day's Range||115.75 - 126.65|
|52 Week Range||95.88 - 126.65|
|Beta (5Y Monthly)||0.49|
|PE Ratio (TTM)||56.41|
|Earnings Date||Aug 05, 2021|
|Forward Dividend & Yield||0.97 (0.78%)|
|Ex-Dividend Date||May 06, 2021|
|1y Target Est||69.24|
German flavour and fragrance maker Symrise on Thursday raised its full-year outlook, citing increased demand for ingredients used in luxury perfumes and cosmetics as well as in out-of-home consumption. The company, whose fragrances go into the perfumes of luxury giants LVMH and Kering, targets a like-for-like growth in sales higher than 7% and earnings before interest, tax, depreciation and amortisation (EBITDA) margin above 21%. It previously expected sales to rise 5% to 7% and an EBITDA margin of 21%.
German flavour and fragrance maker Symrise on Thursday raised its full-year outlook, citing a rebound in ingredients for luxury products and out-of-home consumption. It previously expected sales to rise 5% to 7% and an EBITDA margin of 21%.
At flavour maker Givaudan's innovation centre near Zurich, veteran chef Sam Brunschweiler serves up a lamb shawarma dish that looks and tastes appropriately meaty but is made from pea protein. The Swiss company and competitors such as International Flavors & Fragrances and Symrise are vying to create the tastiest plant-based meat alternatives in a market that is growing fast on the back of consumer concerns about health, sustainability and animal welfare. Givaudan analyses how fat, proteins, sugars and water in meat produce different flavours when heated because "most of the flavour comes from the cooking", Garofalo said.