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Symrise Q1 2010 Sales, Net Earnings Boosted by Resurgence in Fragrance and Mature Markets

Posted: May 6, 2010

Citing growth across all divisions and regions and customer restocking, Symrise reported first quarter 2010 sales of €391 million, a gain of 12.8% compared to the same period 2009. Scent and care sales for the period totaled €204.8 million (Q1 2009: €179.8 million), while flavor and nutrition totaled €186.2 million (Q1 2009: €166.9 million). Net earnings for the period jumped to €40.4 million. Other highlights:

“The clearly visible recovery of the market during the second half of 2009 continued into the first quarter," said Heinz-Jürgen Bertram, CEO, Symrise. "Symrise took advantage of the noticeable increase in customer demand to get off to a successful start in the 2010 financial year. The strong position we enjoy with respect to major customers and robustly growing emerging markets is again reflected in our above-average rate of growth. We are also pleased about the very positive development of markets in both Western and Eastern Europe.”