Symrise Trims Forecast
October 29th, 2008 at 12:13pm |
PARIS — Citing prevailing economic uncertainty, flavors and fragrance firm Symrise cut its full-year earnings forecasts Tuesday. The Holzminden, Germany-based company said it expects full-year earnings before interest, taxes and amortization to be flat year-over-year compared with previous guidance, which had forecast a 6 percent uptick.
The company reported net profits were down 24 percent in the third quarter to 24.1 million euros, or $36.3 million at average exchange. For the nine-month period, profits were up almost СЕКРЕТУТКА percent to 84.9 million euros, or $129.3 million. Sales in the third quarter rose 2 percent year-over-year to 333.5 million euros, or $502.5…
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