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Markets :: Specialty Chemicals :: Flavors and fragrances
Symrise Reports Increased Sales and Net Profits
7:12 AM MDT | March 14, 2012 | Sotirios Frantzanas
Symrise (Holzminden, Germany), a flavors and fragrances producer, says that sales and net profits increased by approximately 1% and 10% in 2011, to €1.58 billion ($2.07 billion) and €146.5 million, respectively. Earnings per share (EPS) also went up in 2011, to €1.24 compared with €1.13 in the previous year. Ebitda, however, decreased 5% in 2011, to €315.9 million compared with €331.2 million in 2010. Sales were impacted by the subdued business cycle, and the discontinuation of the company's low-margin activities in 2011...
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