BERLIN — Second-quarter net profits for Symrise AG rose by 34.6 percent to 66.9 million euros, or $74 million. The Holzminden, Germany-based fragrance- and flavors-maker reported sales of 662.7 million euros, or $732.8 million, for the quarter, an increase of 40.4 percent.
In the first six months of 2015, net income for the company increased by 22 percent to 133.5 million euros, or $149.1 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) improved 44 percent to 300.3 million euros, or $335.4 million. The EBITDA margin climbed to 22.6 percent, an all-time high, according to the firm.
Symrise reported group sales of 1.33 billion euros, or $1.49 billion, a rise of 41 percent, or 32 percent in constant-currency terms for the January-to-June period. All regions and divisions contributed to the increase.
The firm’s scent and care division registered a sales uptick of 11 percent to 546.5 million euros, or $610.4 million, a rise of 2 percent in local currencies.
Dollar figures are calculated at average exchange for the period to which they refer.
The company said its performance was boosted by its 2014 purchase of the French Diana Group, which contributed 268 million euros, or $299.4 million, to the half-year sales total, as well as growing international demand for natural flavors and cosmetic ingredients.
In May 2015, Symrise opened a new production facility in the Brazilian Amazon region. The company is the third-largest global producer of flavors and fragrances.
Looking ahead to the full fiscal year, Symrise confirmed its outlook for 2015, saying it expected to outperform the global market and deliver an EBITDA margin of more than 20 percent.