BERLIN — Symrise posted a 21.6 percent rise in third-quarter net profits to 29.3 million euros, or $41.9 million.
This story first appeared in the November 6, 2009 issue of WWD. Subscribe Today.
Quarterly operating earnings for the Holzminden, Germany-based fragrance and flavors maker increased 5.8 percent to 53.8 million euros, or $76.9 million.
The firm’s sales gained 5.7 percent to 352.4 million euros, or $503.9 million. Its scent and care division’s revenues grew 4.8 percent to 175 million euros, or $250.5 million. Dollar figures are converted at average exchange rates.
Heinz-Jürgen Bertram, Symrise’s chief executive officer, stated he expects the company will register 2 percent sales growth this year.
The firm also announced that Hans Holger Gliewe has become the new head of Symrise’s flavor and nutrition division, succeeding Bertram. A yet-to-be-announced executive will replace chief financial officer Dominique Yates, who is to leave Symrise on Dec. 31.