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Markets :: Specialty Chemicals :: Flavors and fragrances
Symrise posts double-digit increases in net income, Ebitda
6:14 AM MDT | August 7, 2013 | Michael Ravenscroft
Symrise (Holzminden, Germany) says it strengthened sales and earnings in first-half 2013. Net income for the first six months of 2013 was €93.4 million ($124 million), up from the year-ago figure of €83.5 million, or 12% year-on-year (YOY). Ebitda for first-half 2013 was €191 million, compared with €174 million for the prior-year period, or 11% YOY. Symrise says it remains highly profitable, with an Ebitda margin of 20.5%. Sales for first-half 2013 were €935 million, versus €872 million a year ago, a rise of 7.2% in reported...
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