BERLIN — Symrise AG’s acquisition of the Diana Group in July boosted its adjusted fourth-quarter net profits by 10 percent to 35.7 million euros, or $44.6 million.
For the three months ended Dec. 31, sales at the Holzminden, Germany-based fragrance and flavors maker surged 37 percent to 590.1 million euros, or $737 million.
The firm’s scent and care division’s revenues gained 9 percent to 243.6 million euros, or $304.2 million.
Dollar figures are calculated at average exchange for the period in question.
Symrise’s full-year 2014 adjusted net profits increased 23 percent to 211.6 million euros, or $281.3 million. Group revenues gained 15.8 percent to 2.12 billion euros, or $2.82 billion. Sales rose 18.3 percent at local currency.
This marks the first time Symrise revenues have passed the 2 billion euro figure. The Diana acquisition largely helped spur growth (without it, Symrise’s full-year revenues advanced 5.1 percent). Business in all regions and both of Symrise’s divisions contributed, as well.
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The company’s scent and care division registered sales of 980.4 million euros, or $1.3 billion, up 2.1 percent in the year.
For 2015, Symrise anticipates sales growth above 2 to 3 percent, and an EBITDA margin of more than 20 percent.
Separately last Friday, the company said its chief financial officer Bernd Hirsch would leave Symrise at his own request at the end of this year, when his contract finishes. Hirsch has held the job since 2009. No successor has yet been named.