German fragrance and flavour maker Symrise has cut its fiscal year 2023 outlook, citing lower raw material prices and exchange rates. However, the company raised its annual organic sales growth guidance for the fiscal year. The company now expects annual adjusted adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) margin to be 19% to 19.5%, which is slightly below the previous forecast of around 20%. The adjustment reflected re-evaluations for inventories due to lower raw material prices, and negative currency translation effects, the company said. Symrise now proj…