Symrise don't want to in the Dax, The better successor of the pile of debris Wirecard

Heinz-Jürgen Bertram holds the criteria for inclusion in the most important German stock index, Dax for not very resilient. The calculations of the German stock

Symrise don't want to in the Dax, The better successor of the pile of debris Wirecard

Heinz-Jürgen Bertram holds the criteria for inclusion in the most important German stock index, Dax for not very resilient. The calculations of the German stock exchange according to stock exchange value of the freely tradable shares and the trading volumes for the Chairman of the Board of the fragrance manufacturer Symrise is not the crucial for an assessment of good current company. Symrise, along with the ordering platform Delivery Hero to the hot contenders for an up-and-coming place for the Dax, if the payment service provider ceases to Wirecard.

Jonas Jansen

economic correspondent in Düsseldorf.

F. A. Z. Facebook Twitter

"I don't know if it's so great to be a direct successor for the pile of debris, Wirecard," said Bertram, in a conference call with journalists on Thursday. Much more appropriate for it to be there when Delivery Hero to take this course. Finally, it may be a company "that has never made money and it is not clear whether you earn ever money," said Bertram. The self-awareness of such statements the Chairman of the Board of the fragrance and aroma takes figures manufacturer from lower Saxony, Holzminden, from his also on Thursday submitted a business.

SYMRISE -- -- (--) Xetra London SE Int. Level 1Schweiz otctrade gate Frankfurt, lang & Schwarz, Stuttgart, Switzerland, Vienna 1T 1W 3M 1J 3J 5J For detail view

Symrise chain law

While a number of companies in the Corona-crisis complain of a sharp drop in orders, Delivery is located uses, that it has brought in the last few years, its supply chains are under strong control. So, the company has built approximately in Madagascar, a factory for vanilla. A vanillin factory in Holzminden in 1874, the origin of the company, which has existed in its present Form since 2003. Symrise has created for the factory in Madagascar, "in the jungle," as Bertram says, his own electricity, water and road infrastructure. "We can deliver, therefore, always, no matter under what conditions," says the Chairman of the Board, the the from many sides, sharply criticized the supply chain, welcomes the law.

The robustness of its supply chain but also directly on the result of the company's increased earnings before depreciation, interest and taxes (Ebitda) year-on-year in the first half of the fiscal year by 11.9 percent to 393 million euros. Supported the business but also through the acquisition of the us-American supplier, ADF/IDF, which produces natural ingredients for pet food. 106 million euros, the acquisition contributed to the total turnover of 1.8 billion euros, on an organic Basis, revenues increased by 3.4 percent. The increase in Ebitda margin brings Symrise, and his goals for the year as a high screw: Instead of the original, with a value of 20 percent Ebitda margin, Bertram is now estimated to be up to 22 percent. Also in the revenue of the fragrance and flavors manufacturer faster than the market and thus to a minimum of 3 to 4 percent.

Updated Date: 06 August 2020, 13:19

You need to login to comment.

Please register or login.

RELATED NEWS