Symrise Q4 Profits Rise 10%

WWD

BERLIN — Symrise AG’s acquisition of the Diana Group in July boosted its adjusted fourth-quarter net profits by 10 percent to 35.7 million euros, or $44.6 million.

For the three months ended Dec. 31, sales at the Holzminden, Germany-based fragrance and flavors maker surged 37 percent to 590.1 million euros, or $737 million.

The firm’s scent and care division’s revenues gained 9 percent to 243.6 million euros, or $304.2 million.

Dollar figures are calculated at average exchange for the period in question.
Symrise’s full-year 2014 adjusted net profits increased 23 percent to 211.6 million euros, or $281.3 million. Group revenues gained 15.8 percent to 2.12 billion euros, or $2.82 billion. Sales rose 18.3 percent at local currency.

This marks the first time Symrise revenues have passed the 2 billion euro figure. The Diana acquisition largely helped spur growth (without it, Symrise’s full-year revenues advanced 5.1 percent). Business in all regions…

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