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Symrise H1 Profit Up; Lifts FY17 EBITDA Margin View; Backs Medium-term Forecast

(RTTNews) – Symrise AG (SYIEY.PK, SYIEF.PK), a retailer of fragrances, flavorings and cosmetic active ingredients, reported Wednesday that a first-half net income was 141.8 million euros or 1.09 euros per share, aloft than final year’s 133.8 million euros or 1.03 euros per share. The before year’s normalized net income was 142.0 million euros or 1.09 euros per share.

Earnings before interest, taxes, debasement and amortization or EBITDA was 322.9 million euros, aloft than final year’s 312.7 million euros. EBITDA domain was rather reduce during 21.3 percent, compared to 21.4 percent final year, in sold due to a rather weaker direct in a Scent Care segment.

For a initial half, Symrise increasing a sales by 3.6 percent to 1.52 billion euros from final year’s 1.46 billion euros. Organic Group sales went adult 5.2 percent. This clever opening was carried by all segments and regions.

Looking ahead, for mercantile 2017, Symrise now expects a EBITDA domain to surpass 20 percent, citing a really acceptable business performance. The association formerly approaching full-year EBITDA domain of around 20 percent.

The medium-term targets sojourn in effect, including a devalue annual expansion rate (CAGR) in a 5-7 percent operation and an EBITDA domain of 19-22 percent.

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