symrise ag (SYIEF) Key Developments
Symrise AG Reports Earnings Results for the First Quarter Ended March 31, 2015; Reaffirms Earnings Guidance for 2015
May 5 15
Symrise AG reported earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported sales of EUR 668.0 million against EUR 469.6 million for the same period a year ago. EBITDA was EUR 148.8 million against EUR 101.0 million for the same period a year ago. EBIT was EUR 106.4 million against EUR 79.6 million for the same period a year ago. Net income was EUR 68.0 million against EUR 51.9 million for the same period a year ago. Earnings per share were EUR 0.52 against EUR 0.44 for the same period a year ago. CAPEX was EUR 21.2 million against EUR 12.3 million for the same period year ago. Operating cash flow was EUR 68.4 million against EUR 49.4 million for the same period year ago. The group seamlessly continued its positive performance from the previous year and significantly increased sales and net income in the first three months. Key driver for this favorable development was, apart from the Diana acquisition in mid-2014, the sustained high demand in both segments.
After a strong start into the year, the company is confirming its goals for the fiscal year 2015. The group is again aiming to grow faster than the global market for fragrances and flavors in 2015 and to achieve an EBITDA margin greater than 20 %. The company expects the current fiscal year to maintain its currently solid demand dynamics across every region and in both segments. Against this backdrop, the company is also confirming the group's medium-term targets.
Symrise Reportedly Seeks Acquisitions
May 5 15
Symrise AG (XTRA:SY1) is open to new acquisitions Reuters reported quoting Chief Executive Officer of Symrise, Heinz-Juergen Bertram as saying at a conference call. According to Heinz-Juergen, Symrise is looking at targets in the range of up to €250 million.
Symrise Announces Departure of Bernd Hirsch as CFO
Mar 19 15
Symrise AG has announced that Bernd Hirsch, CFO of Symrise AG, will leave the company at his own request at the end of 2015. He has decided for personal reasons not to extend his contract as a member of the Executive Board, which would be up for renewal on December 31, 2015. In order to ensure a smooth transition, he will continue to perform all his duties and responsibilities as CFO until the end of the contract period.
Symrise AG Proposes Dividend for the Fiscal 2014; Announces Group Sales Results for the Fourth Quarter and Earnings Results for the Year Ended December 31, 2014; Provides Earnings Guidance for the Year 2015
Mar 10 15
Symrise AG announced that the Executive and Supervisory Boards propose to the Annual General Meeting a dividend of EUR 0.75 per share for fiscal year 2014.
The company announced group sales results for the fourth quarter and earnings results for the year ended December 31, 2014. For the fourth-quarter, performance was particularly strong, with a 35% increase in group sales to EUR 590.1 million compared to EUR 429.2 million a year ago.
For the year, the company reported sales of EUR 2,120.1 million against EUR 1,830.4 million a year ago. EBITDA was EUR 464.5 million against EUR 373.1 million a year ago. EBIT was EUR 337.9 million against EUR 283.1 million a year ago. Net income was EUR 211.6 million or EUR 1.69 per share against EUR 172.3 million or EUR 1.46 per share a year ago. Operating cash flow was EUR 343.2 million against EUR 274.8 million a year ago. Net debt as at December 31, 2014 was EUR 3.2 million against EUR 2.0 million a year ago.
For 2015, the company remains committed to its goal of growing faster than the market and achieving an EBITDA margin of more than 20 % for the group.
Symrise AG Presents at Nomura Global Chemicals Industry Leaders Conference 2015, Mar-26-2015
Mar 5 15
Symrise AG Presents at Nomura Global Chemicals Industry Leaders Conference 2015, Mar-26-2015 . Venue: London, United Kingdom.