×
By
Reuters API
Published
Apr 28, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Symrise first-quarter revenue misses estimates on weak cosmetics performance in China

By
Reuters API
Published
Apr 28, 2020

German flavour and fragrance maker Symrise on Tuesday reported a rise in quarterly revenue, but missed analysts' expectations due to weak performance of its cosmetics division in China and lower sunscreen sales.


Photo: Shutterstock - Photo: Shutterstock



The company's first-quarter revenue rose 2.3% from a year earlier on an organic basis to 917.1 million euros ($992.85 million), compared with analysts' consensus of 933.2 million euros.

The producer of ingredients, such as artificial mint flavor for toothpaste or chewing gum, confirmed its long-term target of full-year sales organic growth between 5% and 7% on average by 2025.
 

© Thomson Reuters 2021 All rights reserved.