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Symrise Reports Increased Net Profits and Sales

7:27 AM MDT | March 23, 2012

Symrise (Holzminden, Germany), a flavors and fragrances producer, says that net profits rose by 10% for all of 2011, to €1.58 billion ($2.07 billion), on sales up 1%, to €146.5 million. Earnings per share also increased in 2011, to €1.24 compared with €1.13 in 2010. Ebitda, however, decreased 5% in 2011, to €315.9 million. Slower sales growth was due to attributed to a subdued business cycle, and the discontinuation of the company’s low-margin activities in 2011, Symrise says. The modest growth in sales, in combination with higher raw material prices...

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