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Symrise AG profit misses consensus by 16.0% in H1

Symrise AG said its normalized net income for the first half amounted to 92 euro cents per share, compared with the S&P Capital IQ consensus estimate of €1.09 per share.

EPS climbed year over year from 89 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €119.3 million, an increase from €115.1 million in the prior-year period.

Total revenue grew on an annual basis to €1.52 billion from €1.46 billion, and total operating expenses increased on an annual basis to €1.30 billion from €1.25 billion.

Reported net income increased 6.0% on an annual basis to €141.8 million, or €1.09 per share, from €133.7 million, or €1.03 per share.