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MarketScreener Homepage  >  Equities  >  Xetra  >  Symrise AG    SY1   DE000SYM9999

SYMRISE AG

(SY1)
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Symrise : commits to sustainable supply chains

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08/14/2020 | 09:35am EDT

The German Federal Government is planning to pass a supply chain act by the beginning of 2021. It will create binding duties of responsible behavior in relation to human rights and environmental friendliness for companies. Symrise and 32 other companies and organizations jointly support the Initiative for Sustainable Agricultural Supply Chains (INA).

Symrise has firmly anchored sustainability in its corporate strategy and it shapes its entire global value chain. The Holzminden-based company consistently follows its sustainability approach and sets itself ambitious goals. That includes increasing the sustainable procurement of strategic agro- and aquaculture raw materials to 100 percent by 2025. This is how the Group is taking responsibility for future generations and demonstrating how to transparently and sustainably set up supply chains.

Therefore, Symrise has involved in the Initiative for Sustainable Agricultural Supply Chains and supports the drafting of a national supply chain act by the German government. In the alliance, a total of 33 companies and organizations are committed to binding duties of responsible behavior for companies. They pursue their own individual sustainability objectives and emphasize that supply chains that have been created in a responsible way can make it possible to have more legal certainty and equal competitive conditions. The Initiative for Sustainable Agricultural Supply Chains (INA) offers, a platform for exchanging knowledge and at the same time operates sustainability projects in Colombia, Ethiopia and West Africa. It was founded in 2018 on the initiative of the Federal Ministry for Economic Cooperation and Development and is run by the German Society for International Cooperation (GIZ).

"As a global company, climate protection and sustainable supply chains are especially important for us," says Bernhard Kott, Chief Sustainability Officer at Symrise. "To achieve this, we rely on transparency and traceability to achieve full control along the value chain. Our suppliers must adhere to our Code of Conduct, which in addition to full details on the source of raw materials includes factors like human rights, health and environment."

"We are convinced that the protection of biodiversity, sustainable supply chains and the goal of being climate-positive by 2030 will make a lasting contribution to our business success."

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE


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Sales 2020 3 608 M 4 265 M 4 265 M
Net income 2020 345 M 408 M 408 M
Net Debt 2020 1 425 M 1 684 M 1 684 M
P/E ratio 2020 46,0x
Yield 2020 0,92%
Capitalization 15 269 M 18 045 M 18 050 M
EV / Sales 2020 4,63x
EV / Sales 2021 4,33x
Nbr of Employees 10 413
Free-Float 91,2%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 106,32 €
Last Close Price 112,75 €
Spread / Highest target 20,6%
Spread / Average Target -5,70%
Spread / Lowest Target -28,2%
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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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