* First-quarter like-for-like sales up 10.5%* High demand for hygiene, cooking and pet meals elements* Recovery in fragrances for luxurious perfumes (Updates with particulars, background.)April 28 (Reuters) – German flavour and perfume maker Symrise reported higher than anticipated first-quarter sales on Wednesday because the pandemic continued to spice up demand for elements utilized in hygiene and oral care, residence cooking and pet meals.The firm additionally stated demand for fragrances used within the perfumes made by French luxurious teams LVMH and Kering recovered steadily after being hit by COVID-19 lockdowns and journey restrictions final yr.Symrise, which provides client goods giants reminiscent of Procter & Gamble, Unilever and Colgate-Palmolive , stated it had absolutely recovered from a cyber assault that hit sales and margins within the fourth quarter final yr.Sales within the first quarter rose 10.5% on a like-for-like foundation to 949.6 million euros ($1.15 billion), forward of a company-provided consensus forecast of 933.0 million euros.“We anticipate continued dependable demand and can proceed to drive ahead our development initiatives,” Chief Executive Heinz- Juergen Bertram stated in an announcement.The firm, which makes elements reminiscent of synthetic mint flavouring, confirmed it anticipated sales to rise 5% to 7% this yr however didn’t remark on a earlier forecast for core revenue.In March, it stated it anticipated a margin on earnings earlier than curiosity, tax, depreciation and amortization (EBITDA) of 21%.Swiss rival Givaudan reported comparable tendencies within the quarter earlier in April, saying there was robust demand for merchandise reminiscent of cleaning soap and snacks in Latin America and Asia Pacific and a restoration for perfume and wonder elements. ($1 = 0.8286 euros) (Reporting by Silvia Recchimuzzi in Gdansk; Editing by Uttaresh.V, Louise Heavens and David Clarke)
