Profits Rise at Symrise

Symrise AG’s fiscal 2011 net profits rose 9.7% to $204 million, due to the effects of refinancing completed in 2010 and the corresponding reduction in financing expenses, according to reports.


For the year, company sales stayed almost flat at 0.7% to $2.21 billion. Sales for Symrise’s scent and care division also maintained at 0.4% to $1.12 billion.

For 2012, the company’s outlook is a 2-4% rise in sales, according to reports.

“Given the widespread turbulence in many regions of the world and high volatility on commodities and capital markets, maintaining profitability was the top priority for Symrise,” said Heinz-Jürgen Bertram, chief executive officer of Symrise. “We therefore consequently discontinued businesses which were not making a sustainable earnings contribution, and we continued our backward integration for strategic raw materials.”