Symrise reported +12% (organic: +8%) higher sales, driven by the acquisition of the Pinova Group (+8%) in 2016. The gross profit margin declined from 42.7% to 40.8% (adjusted: 41.2%). EBITDA rose +6% to €607m and net income attributable to shareholders came in at €252m (€247m). Operating CF decreased 10% to €339m despite the higher operating basis and higher D/A. NWC outflow (€-255m after €-222m) suffered from higher receivables as well as inventory. Investing CF
14 Mar 2017
Strong organic growth
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Strong organic growth
Symrise AG (SY1:WBO) | 0 0 1.0% | Mkt Cap: 8,612m
- Published:
14 Mar 2017 -
Author:
Martin Schnee -
Pages:
3
Symrise reported +12% (organic: +8%) higher sales, driven by the acquisition of the Pinova Group (+8%) in 2016. The gross profit margin declined from 42.7% to 40.8% (adjusted: 41.2%). EBITDA rose +6% to €607m and net income attributable to shareholders came in at €252m (€247m). Operating CF decreased 10% to €339m despite the higher operating basis and higher D/A. NWC outflow (€-255m after €-222m) suffered from higher receivables as well as inventory. Investing CF