Symrise is expected to see growth acceleration in the second half of the year, supported by easier on-year comparisons and new product launches, Deutsche Bank Research analysts say in a note. The German chemicals company should also benefit from innovation that will help sustain momentum into the third quarter, the analysts say. Meanwhile, second-quarter sales growth should come in strong, driven by a recovery in volumes and improving demand after a weak start to the year, they say. Results should also come in slightly ahead of market expectations, although margins are likely to remain under some pressure from currency movements and pricing, they add. Shares trade 1.5% higher at 90.96 euros. (nina.kienle@wsj.com)
Dow Jones Newswires
Symrise Expected to See Stronger Growth Later This Year — Market Talk
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Symrise is expected to see growth acceleration in the second half of the year, supported by easier on-year comparisons and new product launches, Deutsche Bank Research analysts say in a note. The German chemicals company should also benefit from innovation that will help sustain momentum into the t…