FRANKFURT May 7 German scents and flavours
specialist Symrise said quarterly core earnings
advanced 6 percent on growth in emerging markets and as
additional menthol output capacity was quickly absorbed by the
First-quarter earnings before interest, tax, depreciation
and amortisation (EBITDA) rose to 92.8 million euros ($121.16
million), slightly below market expectations of 93.5 million.
The 7 percent gain in net income was also broadly in line with
Symrise, which competes with larger rivals IFF and
Givaudan, said it still aims for faster 2013 sales
growth than the 2-3 percent increase it expects to see in global
flavours and fragrance markets.