Symrise trims 2025 growth outlook again as demand softens
Germany's Symrise 
SY1 trimmed its full-year organic growth forecast for the second time this year on Tuesday, citing weaker consumer demand and challenging economic conditions.
The fragrance and flavour maker now sees 2025 organic revenue growth in the range of 2.3% to 3.3%, down from its earlier forecast of 3.0% to 5.0%.
Its shares were down around 4% at 0846 GMT, extending year-to-date losses to 25%.
SOFTENING CONSUMER DEMAND, TARIFFS TAKE TOLL
The impact of softening consumer demand in several markets and continued tariff impacts are not expected to reverse in the near term, CEO Jean-Yves Parisot said in a statement.
The German chemicals sector, the country's third-largest, has been struggling for years with subdued demand, high energy costs, supply chain issues and an economic slowdown. U.S. President Donald Trump's tariffs have added to the pressure.
Symrise had already revised its growth outlook in July, from an earlier 5-7% target, also citing low demand.
However, it kept its outlook for an earnings before interest, taxes, depreciation and amortization (EBITDA) margin of around 21.5% as it continues with its cost-cutting programme.
The Holzminden-based company also reported third-quarter sales of 1.22 billion euros ($1.42 billion), down from 1.26 billion euros a year earlier but in line with a consensus estimate of 1.22 billion.
Symrise said that growth at its aroma molecules division was impacted by price and volume pressure because of higher competition from Asia and "overall market volatility."
Morgan Stanley analysts warned that pricing pressures in pet nutrition and aroma molecules segments may extend into the first half of 2026, making it harder for Symrise to achieve its growth targets next year.
Still, sales in the taste, nutrition & health division, which account for the majority of group revenue, rose 1.2% year-on-year in the quarter, driven by strong performance in beverages across Europe, Africa, and the Middle East.
($1 = 0.8575 euros)