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Symrise Q4 Profits Rise 3%

The German fragrance and flavors supplier’s 2013 net income gained 9 percent.

BERLIN — Symrise AG’s fourth-quarter net profits increased 3 percent to 32.4 million euros, or $44.9 million.  

 

In the three months to Dec. 31, sales at the Holzminden, Germany-based maker of fragrance and flavors rose 3.3 percent to 429.2 million euros, or $669.8 million. 

 

The firm’s scent and care division’s revenues gained 5.6 percent to 224.2 million euros, or $305.1 million.


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Dollar figures are calculated at average exchange for the period to which they refer.

 

Symrise’s full-year 2013 net profits increased 9 percent to 172.3 million euros, or $228.8 million.  Group revenues gained 5.5 percent to 1.83 billion euros, or $2.5 billion.

 

The company’s scent and care division registered sales of 960.4 million euros, or $1.28 billion, up 8.8 percent.

 

For 2014, Symrise anticipates sales growth of 2 percent to 3 percent and an EBITDA margin of around 20 percent.