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To: Snowball1 who wrote (41573)

4/18/2016 9:38:40 AM

From: ayeyou

Read Replies (1) | Respond to of 49402

CZO uses distributors for its sales as it believes that maintaining a global sales force is simply too expensive. I agree with them. As a result they do make a large portion of sales currently through just a couple main distributors but they address that in the MD&A. They have kept very close reins on receivables and a close eye on credit ratings of customers. Their main distributor which they just signed a new long term supply contract with is a German company which holds 12% of the fragrance and flavor market. Very healthy company with great sales and profits. No worries these guys stealing a shipment of patented product they can't get anywhere else but from CZO.

Looking at the news release this morning I would say that after 2016 CZO will have a much broader market for its products.

Symrise AG

Website


Aktiengesellschaft
FWB: SY1
Chemicals
2003 Founded
Holzminden, Germany
Heinz-Jürgen Bertram ( CEOand chairman of the executive board), Andreas Schmid( Chairman of the supervisory board)
Flavors and fragrances
€1.572 billion (2010) [1]ProductsRevenue
€244.4 million (2010) [ Operating income
€133.5 million de bite (2010) [1] Profit
€2.059 billion (end 2010) [1] Total assets
€842.1 million (end 2010) Total equity
5,290 ( FTE, end 2010)Number of employees
www.symrise.com