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MarketScreener Homepage  >  Equities  >  Xetra  >  Symrise AG    SY1   DE000SYM9999

SYMRISE AG

(SY1)
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Symrise : Three Symrise products win first prize at the BSB Innovation Awards 2020

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05/27/2020 | 04:57am EDT

Three Symrise developments made it to first place in their categories at the renowned BSB Innovation Awards 2020. The natural anti-dandruff active ingredient Crinipan® PMC green received the award for Most Innovative Active Ingredient for cosmetics in the category "Scalp, Barrier, Redness." In the category "Scalp, Hair, Moisture, Tan," SymControl® Scalp won first prize for Natural Products/Raw Materials. And the ingredient SymEffect(TM) Sun, optimized for natural sunscreen formulations, tops the list in the "Functionals" category. The awards demonstrate the leading position Symrise has in the development of sustainable ingredients.

The renowned European BSB Innovation Awards have been awarded by the independent consulting agency BSB since 2003 at in-cosmetics Global and support the worldwide dissemination of knowledge and innovation. Due to the coronavirus pandemic, the award ceremony took place virtually this year. Symrise products have received several awards in recent years.

Crinipan® PMC green: Novel anti-dandruff active ingredient with an innovative mode of action

The cosmetic active ingredient Crinipan® PMC green is a fully biobased anti-dandruff substance that links a smart mode of action with high clinical efficacy. This development from Symrise opens up completely new perspectives for cosmetics manufacturers - they now have access to a brand new ingredient that can match the effectiveness of conventional ingredients like climbazole (Crinipan® AD). With Crinipan® PMC green, Symrise is responding to growing consumer demand for more naturalness in personal care products.

SymControl® Scalp: A healthy scalp thanks to microalgae

With the ingredient SymControl® Scalp, Symrise experts have developed an environmentally friendly solution for scalps and hair that become oily quickly. The active ingredient is derived from Mediterranean microalgae and effectively combats the causes of increased sebum production. It thereby improves hair and scalp health sustainably.

"We are using our comprehensive expertise in developing cosmetic ingredients specifically for our innovative range of sustainable active ingredients that are especially suitable for scalp care," says Dr Daniel Ibarra, Vice President EAME Cosmetic Ingredients Division Symrise. "As experts in hair and scalp care, we know what consumers want from natural and sustainable products. With Crinipan® PMC green and SymControl® Scalp, we are offering our customers new ways to meet these consumer demands."

SymEffect(TM) Sun: natural-source ingredient for optimized sunscreen formulations

The expectations for sunscreen products are also rising. In addition to optimal protection, high water resistance and a pleasant feeling on the skin, the products should be based on renewable raw materials. With its holistic approach, SymEffect(TM) Sun fulfills all of these requirements and combines the advantages of conventional sunscreen products with the increasing sustainability requirements since it is produced from sustainable raw materials.

"We are delighted to have won three awards at this year's BSB Innovation Awards and see it as an acknowledgment of our sustainable corporate strategy," explains Ibarra. We intend to continue pursuing our path as an innovation leader. This includes taking comprehensive measures to keep our impact on the environment as low as possible. In addition, we are using our many years of experience in the area of natural raw materials and sustainable processes to develop even more environmentally friendly products for our customers and consumers in the future."

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Sales 2020 3 685 M 4 155 M 4 155 M
Net income 2020 344 M 388 M 388 M
Net Debt 2020 1 442 M 1 626 M 1 626 M
P/E ratio 2020 41,8x
Yield 2020 1,00%
Capitalization 14 152 M 15 987 M 15 958 M
EV / Sales 2019
EV / Sales 2020 4,23x
Nbr of Employees 10 264
Free-Float 91,2%
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Mean consensus HOLD
Number of Analysts 25
Average target price 92,13 €
Last Close Price 104,50 €
Spread / Highest target 19,6%
Spread / Average Target -11,8%
Spread / Lowest Target -50,2%
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Heinz-Jürgen Bertram Chief Executive Officer
Michael König Chairman-Supervisory Board
Olaf Klinger Chief Financial Officer
Horst-Otto Gerberding Member-Supervisory Board
Peter Winkelmann Member-Supervisory Board
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