symrise ag-unspon adr (SYIEY) Key Developments
Symrise AG Presents at Commerzbank Sector Conference, Sep-08-2015
Sep 5 15
Symrise AG Presents at Commerzbank Sector Conference, Sep-08-2015 . Venue: Frankfurt/Main, Germany.
Symrise AG Presents at Berenberg Specialty Chemicals & Food Ingredients, Oct-01-2015
Aug 28 15
Symrise AG Presents at Berenberg Specialty Chemicals & Food Ingredients, Oct-01-2015 . Venue: Berenberg Offices, 60 Threadneedle Street, London EC2R 8HP, United Kingdom. Speakers: Britta Woehner, IR, Tobias Erfurth, Head of IR.
Symrise AG Announces Executive Changes
Aug 26 15
The Supervisory Board of Symrise AG has appointed Olaf Klinger (50) to become Chief Financial Officer (CFO) of the Company. He will join from AMEOS, where, as a managing executive, he is in charge of the finance department. Before that, he held various management
positions during his many years at Merck KGaA. On February 1, 2016, he will
take over the finance department at Symrise, thereby succeeding Bernd
Hirsch. As announced in March 2015, Mr. Hirsch is leaving at his own
request and on amicable terms at the end of the year. Olaf Klinger has over 20 years of experience in corporate finance and also brings with him substantial expertise in the chemical and healthcare sectors. He was employed for over twelve years by the pharmaceutical and chemical company Merck in Darmstadt and acted as CFO for the Swss subsidiary Merck Serono SA in Geneva.
Symrise AG Presents at Berenberg German Corporate Conference 2015, Sep-23-2015 01:45 PM
Aug 6 15
Symrise AG Presents at Berenberg German Corporate Conference 2015, Sep-23-2015 01:45 PM. Venue: Dolce Munich Unterschleissheim, Andreas-Danzer-Weg 1, 85716 Unterschleissheim, Germany. Speakers: Bernd Hirsch, Chief Financial Officer and Member of the Executive Board, Tobias Erfurth, Head of IR.
Symrise AG Reports Group Earnings Results for the First Half Ended June 30, 2015; Provides Earnings Guidance for the Year 2015
Aug 6 15
Symrise AG reported group earnings results for the first half ended June 30, 2015. For the first half, the company increased its sales by 41 % to EUR 1,330.8 million compared with EUR 941.8 million a year ago. At local currency, this represents a sales growth of 32 %. Along with EUR 268.0 million in sales from the activities of Diana, which were acquired last year, the company benefited above all from strong demand for natural flavors and cosmetic ingredients. Earnings before interest, taxes, depreciation and amortization (EBITDA) showed a disproportionately strong growth compared to sales and increased by 44 % to EUR 300.3 million compared with EUR 209.0 million a year ago. On a Group-wide basis, the EBITDA margin rose to a new all-time high of 22.6 % compared with 22.2 % a year ago. Net income for the period staged by 22 % and came in at EUR 133.5 million compared with EUR 109.1 million a year ago. Earnings per share rose from EUR 0.90 compared to EUR 1.03. Cash flow from operating activities for the reporting period amounted to EUR 86.0 million compared with EUR 108.9 million a year ago. The change primarily reflects higher income and trade tax payments as well as taxes payable for Diana.
After a strong first half, Symrise confirms its outlook for the fiscal year 2015. The group expects demand to remain strong in all regions and both segments. For 2015, Symrise aims once again at outperforming the global market for fragrances and flavors and delivering an EBITDA margin of more than 20 %.