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  09/08/2017 | Ingredients

Symrise increases sales in all segments and regions

Symrise, a global supplier of fragrances, flavorings headquartered in Holzminden/Germany, remained on track for strong growth in the first half of the current fiscal year. The Group increased sales in all segments and regions and was once again among the fastest-growing companies in the industry. Sales were up 3.6 % in the first half of the year to € 1,515.3 m (H1 2016: € 1,462.5 m). After adjustment for portfolio and exchange rate effects, the organic growth in sales actually amounted to 5.2 %.

Earnings before interest, taxes, depreciation and amortization (Ebitda) at € 322.9 m were at the same level as in the first half of 2016. With an Ebitda margin of 21.3 %, Symrise remains highly profitable. Against the backdrop of the very satisfactory business performance, Symrise is raising its full-year Ebitda margin guidance and now expects the Ebitda margin in 2017 to exceed 20 %.