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in Fashion

Fragrance Maker Symrise Reports a Decline in Profit

by Editor August 2, 2023, 7:33 pm 1.5k Views

Fragrance Maker Givaudan’s Core Profit Falls

Symrise posted an 8 percent fall in half-year core profit, hurt by a production shut-down and higher energy and raw material costs, sending shares in the flavour and fragrance maker lower on Wednesday.

Earnings before interest, tax, depreciation and amortisation (EBITDA) fell to €446 million ($490 million), missing the 479 million expected by analysts, the German company reported.

Strong demand for its pet food additives helped, while demand…

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Posted by Editor

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