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Symrise lowers margin target - likely to miss market expectations

The manufacturer of fragrances and flavors Symrise is feeling the effects of a delayed reduction in inventories and negative currency effects. Due to lower raw material prices, inventories also had to. ....

Lower Saxony , Gunther Zechmann , Charlie Bentley , Bernstein Research , Aroma Molecules , Colonel Island ,

Demand for fragrance ingredients "adversely affected by customer destocking" – Symrise HY2023

Symrise saw sales of €2.4bn for the first half of 2023, up by 6.8%. However, core profit was down and Scent & Care suffered due to a mix of inflation and unexpected events.
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United States , Nordrhein Westfalen , Asia Pacific , European Union , Latin American , Fine Fragrances , Oral Care , Cosmetic Ingredients , Aroma Molecules , Colonel Island , Business Amp Financial , Inancial Focus , Financial Results ,

Fragrance Maker Symrise Reports a Decline in Profit

Fragrance Maker Symrise Reports a Decline in Profit
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United States , Heinz Juergen Bertram , Arben Hasanaj , Colonel Island ,