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Symrise AG (SY1G.DE)

SY1G.DE on Xetra

83.26EUR
5:49pm IST
Change (% chg)

€1.36 (+1.66%)
Prev Close
€81.90
Open
€81.98
Day's High
€83.34
Day's Low
€81.98
Volume
61,063
Avg. Vol
268,457
52-wk High
€89.86
52-wk Low
€64.16

Latest Key Developments (Source: Significant Developments)

Symrise Chairman Rabe Resigns, But Will Remain Board Member
Friday, 26 Apr 2019 

April 26 (Reuters) - Symrise AG ::DGAP-ADHOC: SYMRISE AG: NEW CHAIRMAN OF SUPERVISORY BOARD.DR THOMAS RABE WILL RESIGN AS CHAIRMAN.RABE WILL REMAIN TO BE A MEMBER OF SUPERVISORY BOARD.SUPERVISORY BOARD INTENDS TO RESOLVE ON ELECTION OF A NEW CHAIRMAN OF SUPERVISORY BOARD ON SCHEDULED MEETING OF SUPERVISORY BOARD ON AUGUST 7.RESIGNATION OF DR THOMAS RABE IS CONNECTED TO DECISION OF ADIDAS TO RECOMMEND HIM AS MEMBER OF SUPERVISORY BOARD OF ADIDAS.  Full Article

Symrise: We Don't Need Capital Measures To Reach L-T Targets
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Symrise AG CEO::IT WILL BE HARD TO BRING COBELL TO AN EBITDA MARGIN OF 20 PERCENT.LONG TERM TARGETS WILL NOT REQUIRE CAPITAL MEASURES, THIS WOULD ONLY BE NEEDED FOR BIG ACQUISITIONS WHICH ARE NOT PLANNED AT THE MOMENT.  Full Article

Symrise Reports 2018 Net Profit Rise Of 1.9 Pct
Wednesday, 13 Mar 2019 

March 13 (Reuters) - Symrise AG ::FY NET PROFIT ROSE 1.9 PERCENT TO 275 MILLION EUR.FY EBITDA 631 MILLION EUR VERSUS 630 MILLION EUR YEAR AGO.DGAP-NEWS: SYMRISE SUCCESSFULLY CONTINUES PROFITABLE GROWTH COURSE IN 2018.DIVIDEND 0.90 EURPER SHARE.FY SALES ROSE 5.3 PERCENT TO 3.154 BILLION EUR.STRONG ORGANIC SALES GROWTH OF 8.8 %.SALES INCREASE OF 5.3 % TO EUR 3,154 MILLION (REPORTING CURRENCY).SOLID EARNINGS WITH EBITDA AT EUR 631 MILLION AND EBITDA MARGIN AT 20.0 %.NET INCOME INCREASES TO OVER EUR 275 MILLION.DIVIDEND INCREASE TO EUR 0.90 PER SHARE PROPOSED.CONFIDENT OUTLOOK FOR 2019 AND AMBITIOUS LONG-TERM TARGETS UNTIL END OF 2025.SYMRISE IS TARGETING AN EBITDA MARGIN OF AROUND 20 % DESPITE ANTICIPATED ECONOMIC SLOWDOWN.SYMRISE IS TARGETING AN EBITDA MARGIN OF AROUND 20 % DESPITE ANTICIPATED ECONOMIC SLOWDOWN, ONGOING VOLATILITY IN EXCHANGE RATES AND A TIGHT MARKET FOR RAW MATERIALS.  Full Article

Symrise Sells New Shares At 71.25 Eur
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Symrise AG ::DGAP-ADHOC: SYMRISE AG: SYMRISE SETS PLACEMENT PRICE OF NEW SHARES - 5,614,036 SHARES SUCCESSFULLY PLACED..SUCCESSFULLY PLACED 5,614,036 NEWLY ISSUED ORDINARY BEARER SHARES TO INSTITUTIONAL INVESTORS IN A PRIVATE PLACEMENT BY WAY OF AN ACCELERATED BOOKBUILDING PROCESS.NEW SHARES WERE ISSUED IN A CAPITAL INCREASE BY PARTIALLY EXERCISING COMPANY'S AUTHORIZED CAPITAL UNDER EXCLUSION OF SHAREHOLDER'S SUBSCRIPTION RIGHTS.PLACEMENT PRICE FOR NEW SHARES HAS BEEN SET AT EUR 71.25.COMPANY WILL RECEIVE GROSS PROCEEDS OF AROUND EUR 400,000,065.00.NET PROCEEDS FROM CAPITAL INCREASE WILL BE USED FOR PARTIAL REFINANCING OF BRIDGE FACILITY IN CONNECTION WITH ACQUISITIONS.COMPANY'S SHARE CAPITAL AFTER COMPLETION OF CAPITAL INCREASE WILL AMOUNT TO EUR 135,426,610.00.  Full Article

Symrise Announces Capital Increase Against Cash Contributions
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Symrise AG ::DGAP-ADHOC: SYMRISE AG: CAPITAL INCREASE AGAINST CASH CONTRIBUTIONS BY WAY OF AN ACCELERATED BOOKBUILDING PROCESS.SHARE CAPITAL WILL BE INCREASED IN ORDER TO GENERATE TOTAL PROCEEDS OF UP TO EUR 400,000,000.00.FINAL NUMBER OF SHARES AND PLACEMENT PRICE SHALL BE DETERMINED AND PUBLISHED ON 8 FEBRUARY 2019 AT LATEST.NET PROCEEDS TO BE USED FOR PARTIAL REFINANCING OF BRIDGE FACILITY IN CONNECTION WITH ACQUISITIONS.  Full Article

Symrise To Acquire International Dehydrated Foods, American Dehydrated Foods, Isonova Technologies
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Symrise AG ::DGAP-ADHOC: SYMRISE AG: MERGERS & ACQUISITIONS: SIGNING OF AGREEMENT TO ACQUIRE INTERNATIONAL DEHYDRATED FOODS, INC., AMERICAN DEHYDRATED FOODS, INC. AS WELL AS ISONOVA TECHNOLOGIES LLC.ENTERED AGREEMENT TO ACQUIRE ALL SHARES IN INTERNATIONAL DEHYDRATED FOODS , AMERICAN DEHYDRATED FOODS AS WELL AS ISONOVA TECHNOLOGIES.SYMRISE PLANS TO INVEST APPROXIMATELY $900 MILLION FOR ACQUISITION IN THIS TRANSACTION AND HAS ALREADY SECURED REQUIRED BRIDGE FINANCING.SYMRISE PLANS TO REFINANCE SUCH BRIDGE FINANCING - SUBJECT TO MARKET CONDITIONS - BY A MIX OF DEBT AND EQUITY FINANCING.TRANSACTION WILL BE EPS ACCRETIVE AFTER CLOSING.  Full Article

Symrise Updates Long-Term Targets And Aims To Further Expand Its Business Until 2025
Thursday, 17 Jan 2019 

Jan 17 (Reuters) - SYMRISE AG ::UPDATES LONG-TERM TARGETS AND AIMS TO FURTHER EXPAND ITS BUSINESS UNTIL 2025.TARGET CORRIDOR OF 5 TO 7 % FOR AVERAGE ANNUAL SALES GROWTH (CAGR).INCREASED PROFITABILITY WITH EBITDA MARGIN IN RANGE OF 20 TO 23 % FROM 2020 ONWARD.TARGET CORRIDOR OF 5 TO 7 % FOR AVERAGE ANNUAL SALES GROWTH (CAGR).FOR 2025, WE HAVE SET TARGET TO INCREASE SALES TO EUR 5.5 TO 6 BILLION.AIMS TO LOWER CAPEX TO RANGE OF 4 TO 5 % BY 2025.WILL CONTINUE TO CREATE SUSTAINABLE VALUE FOR ITS INVESTORS AND RETAIN A DIVIDEND POLICY WITH A PAY-OUT RATIO OF 30 TO 50 %.  Full Article

Symrise - Board Members Schaper And Parisot Confirmed In Office
Wednesday, 19 Dec 2018 

Dec 19 (Reuters) - Symrise AG ::DGAP-NEWS: SYMRISE EXECUTIVE BOARD MEMBERS HEINRICH SCHAPER AND JEAN-YVES PARISOT EARLY CONFIRMED IN OFFICE.CONTRACT OF FLAVOR BOARD MEMBER HEINRICH SCHAPER (62) IS BEING EXTENDED IN ADVANCE TO 2022.CONTRACT OF NUTRITION BOARD MEMBER DR. JEAN-YVES PARISOT (54) IS BEING EXTENDED IN ADVANCE UNTIL 2024.  Full Article

Symrise sticks with 2017 guidance after Q3
Wednesday, 8 Nov 2017 

Nov 8 (Reuters) - Symrise :Q3 sales up 4.6 percent at 763.2 million eur.Q3 EBITDA up 3.3 percent at 162.3 million eur.Reuters poll average for Symrise Q3 sales was 745 million eur, EBITDA 160 million, net profit 69 million.Symrise says sticks with guidance for 2017 sales growth of more than 3 percent, EBITDA margin of over 20 percent.Symrise affirms 2020 guidance.  Full Article