Start Time: 05:00 January 1, 0000 6:03 AM ET Symrise AG (OTCPK:SYIEF) Q2 2024 Earnings Conference Call August 01, 2024, 05:00 AM ET Company Participants Olaf Klinger - Chief Financial Officer Jean-Yves Parisot - President, Taste Nutrition & Health & Incoming Chief Executive Officer Tobias Erfurth - Head, Investor Relations Conference Call Participants Lisa De Neve - Morgan Stanley Charles Eden - UBS Nicola Tang - BNP Paribas Exane Matthew Yates - Bank of America Edward Hockin - JPMorgan Isha Sharma - Stifel Ranulf Orr - Citi Operator Ladies and gentlemen, welcome and thank you for attending the Investor and Analyst Conference Call on the publication of Symrise AG's Half Year Results 2024. I am Alice, the conference call operator.
| Specialty Retail Industry | Consumer Discretionary Sector | Jean-Yves Parisot CEO | XMUN Exchange | US87155N1090 ISIN |
| DE Country | 12,745 Employees | 8 May 2026 Last Dividend | 17 Oct 2013 Last Split | - IPO Date |
Symrise AG stands as a pivotal supplier of fragrances, flavorings, cosmetic active ingredients, and raw materials along with functional ingredients. The company is structured into two key segments: Taste, Nutrition & Health, and Scent & Care. Operating globally, its reach extends across Europe, Africa, the Middle East, North America, the Asia Pacific, and Latin America. With a history dating back to 1874, Symrise AG has established its headquarters in Holzminden, Germany, demonstrating a long-standing commitment to innovation and quality in the creation of sensory and nutritional solutions. Its products find wide applications across various industries including food and beverage, personal care, cosmetics, and more, reflecting the company’s versatility and expertise in understanding consumer needs and preferences.
This segment of Symrise AG focuses on providing functional ingredients and flavor solutions for food and beverage production. It caters to a diverse range of needs by offering savory flavors, as well as natural and sustainable ingredients targeted at manufacturers of food and beverages, baby foods, and dietary supplements. The segment also specializes in product solutions and services for pet food manufacturers, alongside offering sustainable ingredients and services for aquaculture, including fish and shrimp farms. Its offerings extend to probiotics designed for food supplements and functional foods, highlighting its commitment to supporting health and nutrition.
The Scent & Care segment is dedicated to developing, producing, and selling fragrance ingredients and compositions, aroma molecules, cosmetic ingredients, and mint flavors. These products are essential for manufacturers of perfumes, personal care, and cosmetic products, as well as for the production of cleaning products, detergents, air fresheners, and oral care products. Symrise AG emphasizes specific application processes for these substances, ensuring that they meet the high standards of quality and efficacy expected by their wide range of clients. This segment showcases the company’s innovation in creating sensory experiences that enhance everyday products.