By  on March 12, 2013

BERLIN — Fragrance and flavors maker Symrise AG posted record growth in fiscal year 2012, despite higher raw material prices.  

The Holzminden, Germany-based company’s net income rose 7 percent in the period to 157.5 million euros, or $202.5 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) also increased 7 percent, to 338.9 million euros, or $435.7 million. In local currencies, EBITDA gained 4 percent. Symrise’s EBITDA margin was 19.5 percent.

Group sales grew 9.6 percent to 1.73 billion euros, or $2.23 billion. In local-currency terms, revenues increased 6.4 percent, which outpaced the company’s guidance that had been in the 3 percent to 5 percent range.

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