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    SY1   DE000SYM9999

SYMRISE AG

(SY1)
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Delayed Xetra  -  11:35 2022-09-26 am EDT
100.90 EUR   -0.35%
04:16aSYMRISE AG : Deutsche Bank reiterates its Buy rating
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Nobel chemistry laureate visits Symrise in Holzminden

08/12/2022 | 06:07am EDT

The German nobel chemistry laureate Professor Benjamin List visited Symrise in Holzminden. In the presence of Symrise CEO Dr. Heinz-Jürgen Bertram and chemists from research and production, the Nobel Prize winner spoke about how important catalysts are as a component in the sustainable production of fragrance ingredients. Catalysts play a decisive role in reducing the energy and resources required in chemical production at Symrise sites around the globe.

Symrise is known worldwide for significant research in the industry and has profound connections to renowned universities and international research institutions. This also includes the German Nobel Prize winner in chemistry, Prof. Dr. Benjamin List. In addition to chemists from the areas of research and production, CEO Dr. Heinz-Jürgen Bertram also took part in the expert discussions. In his presentation, Professor List used chemical formulas to show how catalysts can be used to start or accelerate a chemical reaction or steer it in a specific direction.

The Nobel laureate was impressed by the expertise of Symrise's employees and how they are using new technologies to produce chemical products in a sustainable manner. "Numerous products like menthols are manufactured using catalytic processes at Symrise. These processes play a decisive role in reducing the energy and resources required in chemical production, meaning that they make a key contribution to greater sustainability," says Dr. Kerstin Schroeder, Head of Research for fragrance ingredients at Symrise.

Frankfurt-born Professor Benjamin List is a German chemist and Director at the Max Planck Institute for Coal Research in Mülheim an der Ruhr. In 2021, he and the British-US chemist David MacMillan received the Nobel Prize for Chemstry in recognition of their work, independently of each other, on asymmetric organocatalysis.

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(C) 2022 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials
Sales 2022 4 481 M 4 323 M 4 323 M
Net income 2022 444 M 429 M 429 M
Net Debt 2022 1 474 M 1 422 M 1 422 M
P/E ratio 2022 31,9x
Yield 2022 1,16%
Capitalization 14 103 M 13 605 M 13 605 M
EV / Sales 2022 3,48x
EV / Sales 2023 3,21x
Nbr of Employees 11 627
Free-Float 95,0%
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Mean consensus OUTPERFORM
Number of Analysts 22
Last Close Price 100,90 €
Average target price 117,96 €
Spread / Average Target 16,9%
EPS Revisions
Managers and Directors
Heinz-JŘrgen Bertram Chief Executive Officer
Olaf Klinger Chief Financial Officer
Michael K÷nig Chairman-Supervisory Board
Jakob Ley Member-Supervisory Board
Andre Kirchhoff Member-Supervisory Board
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