Symrise AG Q2 Earnings Update: Analysts Maintain Expectations Despite 10% Stock Drop

Symrise AG reported half-year earnings with revenues of €2.6b and statutory earnings per share of €1.92, both in line with analyst estimates. Analysts have updated their earnings model, but expectations remain unchanged, with revenues predicted to be €5.04b and earnings per share to accumulate 2.8% to €3.73 in 2025.

Symrise AG, a leading global supplier of fragrances and flavors, cosmetic ingredients, and functional ingredients, reported robust financial performance for the first half of 2025. The company's revenues reached €2,554 million, in line with analyst estimates, while statutory earnings per share (EPS) amounted to €1.92, also aligning with expectations [1].

Financial Highlights
- Revenue: €2,554 million, up 3.1% year-on-year, driven by organic sales growth of 3.1%.
- EBITDA: €554 million, up 4.5% year-on-year, resulting in an EBITDA margin of 21.7%, a 100 basis points increase.
- Net Income: €268 million, up €29 million year-on-year.

Segment Performance
- Taste, Nutrition & Health: Organic sales growth of 3.3%, with a segment EBITDA of €364 million and EBITDA margin of 23.3%.
- Scent & Care: Organic sales growth of 2.9%, with a segment EBITDA of €190 million and EBITDA margin of 19.2%.

Transformation Progress
Symrise continues to execute its ONE SYM Transformation, focusing on operational excellence and profitable growth. The company identified €40 million in recurring cost savings for 2025, with €20 million realized in H1 2025. Additionally, Symrise appointed Michael Friede as Executive Board Member and President of the Scent & Care segment [1].

Outlook
Analysts have updated their earnings models but maintained unchanged expectations for 2025, predicting revenues of €5.04 billion and EPS of €3.73. Symrise has moderated its 2025 organic growth outlook to 3-5% from 5-7% and increased its EBITDA margin target to ~21.5% from ~21% [1].

References
[1] https://www.symrise.com/newsroom/article/symrise-reports-first-half-2025-results/