Symrise Reports 6.6% Rise In Q1 Sales

Symrise AG SYIEY reported a 6.6% rise in its Q1 sales and confirmed its full-year projections. The company's quarterly sales surged to EUR416.8 million, from EUR391 million, in the year-earlier period. The company's earnings before interest, tax, depreciation and amortization (EBITDA) increased 2% to EUR85.2 million. The company still projects to increase its full-year sales by between 3% and 5% at local currency. Symrise shares gained 2.67% to close at $32.72 yesterday. Read more from Benzinga's Company news.