Symrise's organic growth slows down to 1% in fourth quarter
German flavour and fragrance maker Symrise on Thursday reported a clear slowdown in its fourth quarter organic growth, missing market expectations, in a sign of sales normalisation after a period of strong growth especially in its scents unit. Symrise, whose fragrances go into the perfumes of French luxury giants LVMH and Kering, said organic sales grew only 1% in the final quarter of 2024, compared with 9.5% growth a year earlier. Morgan Stanley analysts said in a note that the notable slowdown, especially compared to the high bar set by Swiss peer Givaudan last week, would likely weigh on Symrise's shares.