FX.co ★ Symrise Revises FY24 Organic Sales Growth Forecast

Symrise AG, a prominent German company specializing in flavors and fragrances, has updated its organic sales growth forecast for 2024 due to impressive business performance so far. The company now anticipates organic sales growth exceeding 7%, after accounting for hyperinflationary effects. Initially, the target for full-year organic sales growth was between 5 to 7%, which was later adjusted to approximately 7% earlier this year. Furthermore, Symrise AG now projects its EBITDA margin to surpass 20%, an increase from the previous target of around 20%.