Symrise Forecasts Slower Q4 Growth, Flags Margin Pressure
Symrise expects growth to moderate sequentially from the third quarter as tougher comparables weigh, while reinvestment spending is expected to pressure its annual profit margin.
German flavour and fragrance maker Symrise XETR:SY1 forecast slower fourth-quarter growth and flagged spending pressure on its annual profit margin on Wednesday.Growth is expected to moderate sequentially from the third-quarter level against tougher comparables, with reinvestments keeping margins i…