Symrise AG (SYIEY) Q2 2026 Earnings Call Transcript

Good afternoon, ladies and gentlemen. Welcome to our first half 2026 call. Thank you for joining us today. All related documents are available on our website. With me today are our CEO, Jean-Yves Parisot; and our CFO, Olaf Klinger. After the remarks, we will open the line for questions. And now I hand over the call to Jean-Yves.

Thank you. Thank you, Rene, and thank you all for joining us. Today, I will begin with a performance overview, and Olaf will review our first half [Technical Difficulty] in detail. I will then provide an update on the progress we are making with our ONE Symrise strategy and our ONE SYM transformation journey. Before we will conclude with our full year outlook and take your questions. Let's start now with the first half on the Slide 4. Before reviewing the results in detail, let me highlight a few takeaways from the first half. Our business gained momentum as the year progressed. After a soft quarter, organic growth accelerated to 4.5% in Q2, driven by stronger volumes, commercial execution and broad-based strength in North America and Asia Pacific. We continue to deliver strong profitability while significantly improving cash generation despite a more challenging cost environment and continued investment behind future growth. We continue to