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Symrise Reports Continued Profitable Growth in 2024

Stock price chart of Symrise AG (EBR:SY1) showing fluctuations.

Symrise AG has announced strong growth figures for the first nine months of 2024, with organic sales increasing by 11.1% to €3,824 million. The third quarter saw a 10.2% organic sales rise. Despite challenging economic conditions and adverse exchange rate effects, the company maintains a positive growth trajectory, expecting a 7% organic sales increase by year-end.

The Taste, Nutrition & Health segment saw a 10.4% rise, supported strongly by Food & Beverage and Pet Food divisions. Meanwhile, the Scent & Care segment recorded a 12.2% growth, driven by Consumer Fragrance and Aroma Molecules.

Regional performance was led by Latin America with 27.4% growth, followed by Asia/Pacific and EAME. Symrise's robust portfolio and international presence provide confidence despite geopolitical and inflationary pressures.

R. H.

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