This corresponds to a growth of 6% (8% at local currency) compared to the prior year quarter. Symrise improved its earnings before interest, taxes, depreciation and amortization (Ebitda) to €93m and was highly profitable with an Ebitda margin of 20.3%.
Dr Heinz-Jürgen Bertram, CEO of Symrise AG, said: “Symrise is celebrating its 10-year anniversary in 2013. The start to our anniversary year was a complete success. Once again, we enjoyed robust growth, growing faster than the market. Along with solid development in Emerging Markets, we also benefited from considerable growth impetuses in the established markets. Our profitability remained at a good level with an Ebitda margin of 20.3 %.
“With the acquisition of the US fragrance manufacturer Belmay, we took another strategic step towards further expanding our product portfolio and market presence in North America. We are therefore confident for the upcoming months of 2013.”
Source: Symrise AG
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