Symrise: 1st Quarter 2011 Report – Increase in sales and earnings

Symrise_LogoSymrise AG has had a successful start to the Financial Year 2011 and was able to exceed its high prior year sales and earnings figures. In the first quarter 2011 Symrise benefited from the continued positive development of demand even though it was more moderate than in the previous year, which was characterized by catch-up effects. During the reporting period Symrise increased sales by 6.6 % to € 416.8 million, thereby growing faster than the market for flavors and fragrances. The growth was driven by business with major customers as well as activities in Emerging Markets, especially Latin America. The Group’s EBITDA rose 2 % to € 85.2 million. Despite a sharp increase in raw material prices Symrise achieved an EBITDA margin of 20.5 %. A high level of capacity utilization and continuous cost management significantly contributed to this development. Sorry you have no rights to view the full post! Futher information are only available for registered members.