Symrise navigated a tough 2025 with weakening demand, but the pivot to their 'ONE SYM' transformation program is already showing teeth. Despite the macro pressure, they managed a record 15.8% free cash flow margin and improved EBITDA to 21.9%. With a 2026 growth guidance of 2.0% to 4.0% and a heavy focus on efficiency, management is betting that their structural changes will drive long-term value. It's a classic 'show me' story as they look to turn the page on a challenging fiscal year. #symrise #stocks
