The group’s sales rose +10% to €732m in Q1, of which the Pinova acquisition contributed 7%. The gross profit margin declined from 43.1% to 41.2%, but EBITDA was barely up (+3% to €154m). Net income attributable to shareholders weakened by 3% to €66m. Operating CF (€48m after €68m) was affected by the higher NWC outflow (€-100m after €-80m), mainly attributable to the acquisition. Also due to Pinova and some smaller acquisitions, investing CF strongly m
10 May 2016
Scent & Care’s margin under pressure
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Scent & Care’s margin under pressure
Symrise AG (SY1:WBO) | 0 0 1.0% | Mkt Cap: 8,612m
- Published:
10 May 2016 -
Author:
Martin Schnee - Pages:
The group’s sales rose +10% to €732m in Q1, of which the Pinova acquisition contributed 7%. The gross profit margin declined from 43.1% to 41.2%, but EBITDA was barely up (+3% to €154m). Net income attributable to shareholders weakened by 3% to €66m. Operating CF (€48m after €68m) was affected by the higher NWC outflow (€-100m after €-80m), mainly attributable to the acquisition. Also due to Pinova and some smaller acquisitions, investing CF strongly m