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Symrise


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BMW, Hill & Smith, Prudential

EUROPE RESEARCH ROUNDUP-BMW, Hill & Smith, Prudential March 25 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Hill & Smith and Prudential, on Monday. HIGHLIGHTS * BMW BMWG.DE : HSBC raises target price to EUR 112 from EUR 110 * Hill & Smith HILS.L : Jefferies raises target price to 2,320p from 2,280p * Leg Immobilien SE LEGn.DE : Goldman Sachs raises to neutral * Prudential PRU.L : JP Morgan cuts target price to 1,350p from 1
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Bernstein sees normalising consumer chemicals growth in 2024

BUZZ-Bernstein sees normalising consumer chemicals growth in 2024 ** Bernstein says end of destocking suggests more normalised 2024 growth for consumer chemical makers that supply the home and personal care (HPC) and food and beverages (F&B) sectors ** After destocking weighed on organic sales growth in 2023, the brokerage expects volumes to recove
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Aena SME SA, Arkema SA, ITV Plc

EUROPE RESEARCH ROUNDUP-Aena SME SA, Arkema SA, ITV Plc March 8 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Aena SME SA, Arkema SA and ITV Plc on Friday. HIGHLIGHTS * Aena SME SA AENA.MC : JP Morgan raises target price to EUR 210 from EUR 195 * Arkema SA AKE.PA : HSBC cuts target price to EUR 107 from EUR 111 * ITV Plc ITV.L : JP Morgan raises target price to 112p from 105p * Redeia Corporacion SA REDE.MC : RBC raises to outper
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Tech, financials steer Europe's STOXX 600 to record high; rate verdict awaited

UPDATE 2-Tech, financials steer Europe's STOXX 600 to record high; rate verdict awaited For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Fed's Powell expects rate cuts; inflation progress 'not assured' Symrise jumps as 2024 outlook 'reassures' investors Grifols shares drop after new Gotham City Research report Skin care company Galderma seeks $2.3 bln in Swiss IPO STOXX 600 up 0.4% Updated at 1650 GMT By Ankika Biswas and Khushi Singh Mar
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Symrise jumps as 2024 outlook 'reassures' investors

BUZZ-Symrise jumps as 2024 outlook 'reassures' investors ** Shares in Symrise SY1G.DE rise about 4% after the German flavour and fragrance maker said it expects 2024 core profit margin of around 20% ** It also reiterated its medium term target of a margin between 20-23% ** "After December's profit warning , this guidance is a relief and it is reass
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European futures steady; London awaits Spring budget

LIVE MARKETS-European futures steady; London awaits Spring budget Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN FUTURES STEADY; LONDON AWAITS SPRING BUDGET European shares were expected to edge higher at the open on Wednesday, with attention now turning to Fed Chair Jerome Powell's testimony before Congress, while sterling traders in London looked all set for UK financ
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Symrise sees margin boost in 2024 as it plans further divestments

UPDATE 3-Symrise sees margin boost in 2024 as it plans further divestments Symrise sees 2024 EBITDA margin of 20% vs 19.1% in 2023 Plans to sell parts of its business to improve profitability No layoffs planned, CEO says Shares rise 7% Adds results details in paragraph 3, CEO comments on divestment plans in 5-7, updates shares in 8 By Matteo Allievi and Jagoda Darlak March 6 (Reuters) - Symrise SY1G.DE said on Wednesday it expects its core profit margin to grow to 20% in 2024 as the German flavo
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Symrise posts 2023 adjusted core earnings below estimates

CORRECTED-Symrise posts 2023 adjusted core earnings below estimates Corrects to read below (not above) in headline, corrects consensus figure to 916 million (not 872.9 million) in paragraph 2 March 6 (Reuters) - German flavour and fragrance maker Symrise SY1G.DE on Wednesday missed adjusted core profit estimates in 2023, citing a tough economic environment.
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Symrise FY Adjusted EBITDA Down At EUR 903 Mln

BRIEF-Symrise FY Adjusted EBITDA Down At EUR 903 Mln March 6 (Reuters) - SYMRISE AG SY1G.DE : FY GROUP SALES INCREASE BY 2.4 % TO € 4,730 MILLION (2022: € 4,618 MILLION); ORGANIC GROWTH OF 7.9 % FY ADJUSTED EBITDA OF € 903 MILLION SLIGHTLY BELOW PREVIOUS YEAR'S FIGURE (2022: € 922 MILLION) FY ADJUSTED EBITDA MARGIN OF 19.1 % REAFFIRMS LONG-
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Germany corporate earnings week ahead

DIARY-Germany corporate earnings week ahead Mar 1(Reuters) - Diary of Germany (.GDAXI) corporate earnings for the week ahead GERMANY EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 04-Mar-2024 BMO HNKG_p.DE Henkel AG & Co KGaA Q4 2023 Henkel AG & Co KGaA Earnings Release 05-Mar-2024 06:30 BAYGn.DE Bayer AG Q4 2023 Bayer AG Earnings Release 06-Mar-2024 BMO SY1G.DE Symrise AG Full Year 2023 Symrise AG Earnings Release 06-Mar-2024 06:00 DHLn.DE Deutsche Post AG Q4 2023 Deutsche Post
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Dr Jean-Yves Parisot Will Become CEO Of Symrise

BRIEF-Dr Jean-Yves Parisot Will Become CEO Of Symrise Feb 29 (Reuters) - SYMRISE AG SY1G.DE : SYMRISE AG - SYMRISE AG: CEO CHANGE AT SYMRISE AG: DR HEINZ-JÜRGEN BERTRAM HANDS OVER TO DR JEAN-YVES PARISOT SYMRISE AG - DR JEAN-YVES PARISOT WILL BECOME CEO OF SYMRISE AG, EFFECTIVE END OF 31 MARCH 2024 SYMRISE AG - SUPERVISORY BOARD HAS ALSO RENEWED C
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IFF slips on dour FY forecast, brokerages cut PT

BUZZ-IFF slips on dour FY forecast, brokerages cut PT ** Shares of International Flavors & Fragrances IFF.N fall about 6% to $77.16 in early hours, their lowest since Dec 13 ** After markets closed on Tuesday, the chemicals company forecast FY sales below estimates and took a $2.6 bln charge on its nourish segment ** Stifel brokerage cuts PT to $80
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Flavour and fragrance makers slip on U.S. peer's outlook

BUZZ-Flavour and fragrance makers slip on U.S. peer's outlook ** Shares in flavour and fragrance makers Symrise SY1G.DE and Givaudan GIVN.S slip 1.65% and 1%, respectively, after U.S. rival International Flavors & Fragrances (IFF) forecast annual sales below market expectations ** Oliver Schwarz from Warburg Research says IFF's dissappointing outlo
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EU chemicals: should 2024 expectations be reset?

LIVE MARKETS-EU chemicals: should 2024 expectations be reset? Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EU CHEMICALS: SHOULD 2024 EXPECTATIONS BE RESET? After a year of headwinds last year, the recovery for European chemical companies might not be a breeze in 2024. Demand is likely to stay weak at least for the first half of the year, Morgan Stanley said in a note.
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German chemicals sector shows strain of Red Sea supply crisis

UPDATE 1-German chemicals sector shows strain of Red Sea supply crisis Chemicals is Germany's No.3 industry with 260 bln euros in sales Companies face supply delays, higher freight costs Challenge comes on top of higher energy, materials costs Adds comments from brokerage JP Morgan in paragraphs 12, 13 By Christoph Steitz and Patricia Weiss FRANKFURT, Jan 22 (Reuters) - Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming th
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Red Sea crisis seeps into German chemicals sector

Red Sea crisis seeps into German chemicals sector Chemicals is Germany's No.3 industry with 260 bln euros in sales Companies face supply delays, higher freight costs Challenge comes on top of higher energy, materials costs By Christoph Steitz and Patricia Weiss FRANKFURT, Jan 22 (Reuters) - Germany's chemicals sector, Europe's largest, is starting to feel the pinch from delayed shipments via the Red Sea, becoming the latest industry to warn of supply disruptions that have forced some companies t
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Symrise: Co Excluded From UK CMA Antitrust Investigation In Fragrance Industry

BRIEF-Symrise: Co Excluded From UK CMA Antitrust Investigation In Fragrance Industry Jan 17 (Reuters) - Symrise AG SY1G.DE : EXTENDED INVESTIGATIONS IN ONGOING ANTITRUST PROCEEDINGS IN UK DO NOT COVER SYMRISE CONTINUES TO BELIEVE THAT ALSO CMA'S ONGOING INVESTIGATION INTO SYMRISE WILL REMAIN INCONCLUSIVE WILL CONTINUE TO COOPERATE WITH AUTHORITIES
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'Not out of the woods yet': MS sees challenging 2024 for European chemicals

BUZZ-'Not out of the woods yet': MS sees challenging 2024 for European chemicals ** Morgan Stanley expects 2024 to be another challenging year for European chemicals, and changes its sector view to cautious from in-line ** It sees a "tricky" start to 2024 for the sector, with the status quo operating environment set to persist at least through H1 *
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Barclays upgrades European banks

LIVE MARKETS-Barclays upgrades European banks STOXX 600 up 0.3% Miners lead gainers Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com BARCLAYS UPGRADES EUROPEAN BANKS (1155 GMT) In a note published on Thursday, Barclays equity strategists upgraded their industry view on European banks .SX7P to 'Positive' from 'Neutral' as they expect banks to re-rate next yea
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European chemicals: too much optimism for 2024?

LIVE MARKETS-European chemicals: too much optimism for 2024? STOXX 600 up 0.3% Miners lead gainers Wall St futures higher Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com EUROPEAN CHEMICALS: TOO MUCH OPTIMISM FOR 2024? (1125 GMT) European chemicals might be in store for more troubles next year, after struggling in 2023 with customers reluctant to place new orders as prolonged econ
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