Symrise records strong first quarter

Symrise AG had a successful start into the fiscal year 2014. The Group benefited from persistent high demand in both divisions and increased sales to € 470 m in the first quarter (Q1 2013: € 458 m). Adjusted for currency translation effects, sales recorded an increase by 8%. At the same time, Symrise boosted its earnings before interest, taxes, depreciation and amortization (EBITDA) by 9% to € 101 m (Q1 2013: € 93 m) and achieved an EBITDA margin of 21.5% compared to 20.3% in the same quarter of the previous year. Net income for the period increased significantly by 13% to about € 52 m.

In April, Symrise moreover announced the planned acquisition of the French Diana Group. With this transaction, which is scheduled to be completed in the third quarter, the Company is reaching an important milestone in the implementation of its growth strategy.

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