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Symrise makes "strong start" to 2015, reports double-digit growth in sales, profit in first-quarter

2:30 AM MDT | May 5, 2015 | Michael Ravenscroft

Fragrances and flavors firm Symrise (Holzminden, Germany) today reported its first-quarter 2015 financial results, with sales leaping by 42% year-on-year (YOY) to €668.0 million ($746 million), compared with €469.6 million in the year-ago quarter. Earnings before interest, taxes, depreciation and amortization (Ebitda) also jumped, to €148.8 million versus €101.0 million in the first three months of 2014, an increase of 47% YOY. Symrise also improved its profitability in first-quarter 2015, with an EBITDA margin of 22.3% compared with 21.5 % in...

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