By  on May 8, 2009

BERLIN — Fragrance and flavors supplier Symrise posted a 16 percent drop in first-quarter net income to 20.9 million euros, or $27.4 million at average exchange, due to high raw material prices, weaker sales development, plus integration and restructuring costs.

The Holzminden, Germany-based company’s sales rose 2.6 percent to 346.7 million euros, or $454.2 million, in the period. In local currency, revenues dipped 0.3 percent.

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