Symrise AG (OTCPK:SYIEF) Q3 2024 Earnings Conference Call October 24, 2024 2:00 AM ET
Company Participants
Jean-Yves Parisot – President, Taste Nutrition & Health & Incoming CEO
Olaf Klinger – CFO
Conference Call Participants
Matthew Yates – Bank of America Merrill Lynch
Ed Hockin – JPMorgan
Charles Eden – UBS
Isha Sharma – Stifel
Nicola Tang – BNP Paribas
Charles Bentley – Jefferies
Oliver Schwarz – Warburg Research
Operator
Ladies and gentlemen, welcome to the trading update in January, September 2024 Conference Call. I’m George, the Chorus Call operator. [Operator Instructions] The conference must not be recorded for publication or broadcast.
At this time, it’s my pleasure to hand over to Dr. Jean-Yves Parisot, CEO. Please go ahead.
Jean-Yves Parisot
Thank you very much, George. Good morning, all of you, ladies and gentlemen. Welcome to our 9 months call this morning, and thank you all for joining Olaf and me. We wanted to use this occasion to give you a brief update on our 9 months number, which will give you an idea of our trading statement at this time. While we do not usually do these calls for our first or third quarter numbers, we decided with Olaf, to make an exception this time because we wanted to concentrate on all your questions about these numbers.
After my remarks, Olaf will give you an overview of our price, volume and hyperinflation-related pricing performance, then we’ll open the floor for questions afterwards.
Now in first 9 months, we’re once again strong ones. No surprise there, solid top line growth, with group sales up to 11.1% organically to EUR 3.8 billion at the end of September. For the third quarter, that comes out as a plus of 10.2%.
Symrise also continues to perform strongly on the bottom line. Again, no surprise there. As usual, in
