Food ingredients group Symrise said today (4 May) that its first-quarter profits had almost doubled thanks to a 13% rise in sales and the benefit of restructuring moves undertaken last year.
Flavours maker Symrise reported net income of EUR40.4m, up sharply from EUR20.9m a year earlier. The company booked a 13.2% rise in sales in local currencies to EUR392.5m.
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Sales in Asia-Pacific rose 17% and Symrise said emerging markets now accounted for 44% of revenues.
However, CEO Heinz-Jürgen Bertram added: “We are also pleased about the very positive development of markets in both Western and Eastern Europe. The sharp jump in earnings confirms that our company is in excellent shape.”
