×
2 184
Fashion Jobs
LULULEMON
Assistant Manager, Operations | Kingston
CDI · Kingston
MICHAEL KORS
ft Sales Supervisor
CDI · Newmarket
CENTRIC BRANDS
Chargé de Comptes / Account Executive
CDI · Montreal
LEVI'S
Levi's Store, pt Sales & Merchandising Supervisor, Rideau Centre, Ottawa, on
CDI · Ottawa
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative - Cosmoprof
CDI · Kingston
MICHAEL KORS
Sales Supervisor
CDI · Pointe-Claire
SALLY BEAUTY HOLDINGS LLC
Outside Sales Representative - Cosmoprof
CDI · Oshawa
ESTEE LAUDER
Associate Consultant - Clinique - Lethbridge , ab
CDI · Lethbridge
ESTEE LAUDER
Director, E-Commerce (Multi-Brand) - Hybrid - Toronto, Canada
CDI · Toronto
TJX CANADA
Loss Prevention Customer Service Agent (Uniformed Guard), Scarborough
CDI · Toronto
ESTEE LAUDER
Associate Consultant - Clinique - Medicine Hat, ab
CDI · Medicine Hat
ESTEE LAUDER
Associate Consultant - Clinique - Calgary, ab
CDI · Calgary
LULULEMON
Assistant Manager, Operations | Regent Mall, Fredericton
CDI · Fredericton
LEVI'S
Levi's Sales And Merchandising Supervisor, Part-Time, Toronto Eaton Centre, Toronto, on-2
CDI · Toronto
ADIDAS
Senior Manager Accounting
CDI · Vaughan
ESTEE LAUDER
Associate Consultant - Clinique - Toronto, on
CDI · Toronto
LEVI'S
Levi's Sales And Merchandising Supervisor, Full-Time, Toronto Eaton Centre, Toronto, on-2
CDI · Toronto
WINNERS
Merchandise Sales Coordinator- Winners Homesense North Oakville 367
CDI · Oakville
NORDSTROM
Asset Protection - Agent - Deerfoot Meadows Rack
CDI · Calgary
NORDSTROM
Asset Protection - Agent - Yorkdale
CDI · Toronto
ADIDAS
Demand Planner
CDI · Vaughan
ESTEE LAUDER
Keyholder - The Cosmetics Company Store- 28 Hrs - Premium Outlet - Edmonton, ab
CDI · Edmonton
By
Reuters
Published
Mar 10, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Symrise earnings up on takeover, cosmetics ingredients

By
Reuters
Published
Mar 10, 2015

German fragrance and flavors maker Symrise posted a better-than-expected 46 percent rise in quarterly core earnings, helped by the takeover of pet food flavoring company Diana and a return to sales growth at its Scent and Care unit.

Fourth-quarter earnings before interest, tax, depreciation and amortization (EBITDA), adjusted for one-off effects, reached 120.7 million euros ($130.2 million), the group said on Tuesday.

Symrise


That beat the average estimate of 115 million euros in a Reuters poll of analysts, while revenues also exceeded expectations.

Baader Bank analyst Andreas von Arx pointed to a rebound at the scents and care unit, a maker of perfumes and ingredients for shampoos and skin creams, which returned to 5 percent currency-adjusted sales growth after a flat third quarter.

Symrise said in a statement that sales of cosmetic ingredients were particularly strong last year.

Its shares were up 2.7 percent at 4.11 a.m. EDT, among the top gainers in Germany's MDAX index of medium-sized companies, which was up 0.6 percent.

Net income came in at 24.2 million euros, down by a quarter from a year earlier, on costs related to folding Diana into its organization. That was about half the figure expected by analysts on average.

The company has been seeking to diversify from its core scents and flavors business into related products such as nutritional supplements and ingredients for skin and hair care products.

The takeover of France's Diana, wrapped up in July last year, made it the world's largest pet food flavoring supplier and added ingredients for aquafeed used by fish farms to its offering.

Symrise, which competes with industry leader Givaudan, unlisted Firmenich and IFF, said it was still targeting an EBITDA margin of more than 20 percent in 2015.

That compared with a margin of 20.6 percent last year, below Givaudan and IFF's figures at about 24 percent and 22 percent, respectively.

€1 = $1.07/£0.71

 

© Thomson Reuters 2022 All rights reserved.