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Börse Express – Fragrance and flavor manufacturer Symrise will grow in 2019 as expected

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The fragrance and aroma manufacturer
Symrise has its own in the past year
Business growth and the acquisition of the US group ADF / IDF
benefits. Revenue rose 8 percent in 2019 to 3.4 billion
Euros, as the company announced on Tuesday in Frankfurt. Out
own strength – i.e. without exchange rate effects and acquisitions – was
the plus 5.7 percent, which is within the scope of the corporate goal
annual increase of 5 to 7 percent.

Normalized earnings before interest, taxes, depreciation and amortization
(Ebitda) rose by 12.2 percent to 707 million euros. The margin
was 20.8 percent. Sales were at the level of
Average provided to companies
Analyst estimates, but the margin a little below. Under
the bottom line earned Symrise 304 million euros, or around 10
Percent more than in the previous year. The shareholders are said to have a 0.05
Dividend increased to EUR 0.95 contributed to the profit increase
be./mis/stw

 ISIN  DE000SYM9999

AXC0090 2020-03-10 / 07: 38

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