Symrise Ag Ord (SYIEF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome also from our side that you have signed up for our press call today due to our numbers. You can find the documents for these numbers on our website. Together with me, you will welcome our financial advisor today, Olaf Klinger, as well as our board chairman Jean-Yves Parisot. Thank you very much, thank you Mark, and thank you all for voting. I will start with the most important messages for the first half year and the second quarter. After that, Olaf will explain the essential financial figures in detail. Finally, I will give you an update on our OneTheme Transformation Program. After a few words about our outlook for 2026, we are happy to answer your questions. Let's start with the highlights on slide 4. Before I go into detail on the results, I would first like to highlight the most important points from the first half of the year. First of all, our business has gained a lot of momentum in the second quarter. Organic sales growth reached 4.5%, due to stronger volumes, new business conclusions, as well as a good development in North America and Asia-Pacific. Second, we keep our profitability at a high level and have significantly improved cash generation. We have achieved this despite a difficult price environment and ongoing investments in future growth. Third, we are making good progress with our transformation. We are making very good and rapid progress and are now moving further into implementation. Looking at our results, the sequential improvement in the first quarter is decisive. The organic growth rose again as described in the second quarter. Here we achieved a turnover of €1,290,000,000. A volume growth of 5.1% was partially reduced by a negative price development of 0.6%. In total, the quarter saw a better dynami...