Symrise Posts Q3
Posted: November 5, 2008
Symrise sales grew by 6.1% at local currency to €1,009.5 Million during the first nine months of 2008. The flavor and nutrition achieved good growth, while scent and care faced lower demand in the luxury segments. The company also stated that lower growth in luxury segments impacted product/margin mix. Net profit for the first nine months of 2008 amounted to €85 million, compared to €84 million for the same period in 2007.
“Our good numbers in this difficult year confirm our corporate strategy and we will heighten our focus on it as we move ahead,” said Gerold Linzbach, CEO, Symrise. “We are confident that we can continue to grow stronger than the market next year. Our market position is excellent, especially in emerging markets. We have the people, products, process and technologies to be successful even in difficult times.”