Symrise Ag Ord (SYIEF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Zimrise Q1 2026 Trading Statement Conference Call. I'm Sergan, the Chorus Call Operator. I would like to remind you that all participants will be in listen-only mode and the conference being recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. Conference must not be recorded, publication or broadcast. At this time, it's our pleasure to hand over to René Weinberg, Head of Investor Relations. Please go ahead. Thank you. Good afternoon, ladies and gentlemen. Welcome to our first quarter 2026 call. Thank you for joining us today. All related documents are available in the financial results section on our website. With me today are our CEO, Jean-Yves Parizeau, and our CFO, Olaf Jünger. After the remarks, we will open the line for questions. And now, I hand over the call to Jean-Yves. Thank you. Thank you very much, René, and thank you all for joining us today. Today, we will review the first quarter of 2026, provide an update on our one-team rise strategy and our one-team transformation journey. And we will conclude with our full year 2026 outlook. Let's turn to slide four and our first quarter 2026 highlights. We delivered a solid start to the year, with first quarter performance ahead of expectations, with a year-on-year organic sales decline of 0.4%, compared to our expectation at our full year 2025 goal. This reflects the strength of our business, despite a continued weak macroeconomic backdrop and changing prior year comparisons. At the same time, we are taking deliberate actions to position the company for the next phase of growth. As part of our transformation, we are accelerating signif...