Symrise first-quarter revenue misses estimates on weak cosmetics performance in China

German flavour and fragrance maker Symrise on Tuesday reported a rise in quarterly revenue, but missed analysts' expectations due to weak performance of its cosmetics division in China and lower sunscreen sales.

The company's first-quarter revenue rose 2.3% from a year earlier on an organic basis to 917.1 million euros ($992.85 million), compared with analysts' consensus of 933.2 million euros.

The producer of ingredients, such as artificial mint flavor for toothpaste or chewing gum, confirmed its long-term target of full-year sales organic growth between 5% and 7% on average by 2025.