logo
  

Symrise Full-Year Earnings Surge

Symrise AG (SYIEY.PK), a German maker of flavors and fragrances, on Tuesday posted a sharp rise in earnings for the fiscal 2021, amidst a recovery in sales, driven by the waning impact of Covid-19 pandemic.

For the fiscal 2021, the Holzminden-headquartered firm reported a net profit of 374.9 million euros or 2.74 euros per share, compared with 306.9 million euros or 2.27 euros per share, reported for the financial year 2020.

German firm posted a pre-tax income of 516.2 million euros as against 423.6 million euros, on year-on-year basis. EBIT of the firm was also moved up by 14.7 percent, to 559 million euros.

For the 12-month period, Symrise registered its EBITDA at 813.6 million euros, compared with 742.1 million euros, reported for the fiscal 2020.

For the fiscal 2021, the company has proposed an increased dividend of 1.02 per share.

For 2021, the Group reported a rise in sales by 8.7 percent, to 3.82 billion euros, compared with the previous year.

Looking ahead, for the fiscal 2022, Symrise expects report its sales growth to be in the range of 5 percent -7 percent, with an EBITDA margin of around 21 percent.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
A multi-state listeria outbreak that has killed one and sickened at least 23 others has been linked to Florida -based Big Olaf Creamery brand ice cream, according to the Centers for Disease Control and Prevention or CDC. The outbreak strain has been reported from 10 states, resulting in 22 hospitalizations. One death has been reported from Illinois. Natreve, a premium wellness company, is recalling certain Vegan Protein Powder due to undeclared milk, a known allergen, the U.S. Food and Drug Administration said. The recall involves specific batches of its Vegan Protein Powder French Vanilla Wafer Sundae flavor. The impacted products are stored in 13 oz (10 servings) and 1.47lb (18 servings) white tubs. The Federal Communications Commission or FCC has granted SpaceX Services, Inc. authorization to use its Starlink satellite internet system on vehicles in motion. SpaceX, owned by Elon Musk, is allowed to operate consumer and enterprise Ku-band Earth Stations in Motion or ESIM using frequencies allocated to the fixed satellite service. The approval would help the company to expand its services to
RELATED NEWS
Follow RTT