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  07/11/2018 | Industry, International

Symrise continues dynamic growth track

Following a very dynamic first half of the year, Symrise AG successfully continued its growth course in the third quarter. According to the company, all segments and regions contributed to this positive trend. The Group achieved an organic sales increase of 8.8% in the first nine months of the year. Taking portfolio and exchange rate effects into account, sales in reporting currency were up 4.6% to € 2.383 bn (9M 2017: € 2.278 bn). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 475.7 m (9M 2017: € 485.2 m). The EBITDA margin remained at a good level of 20.0%.

Based on the positive nine-month development, Symrise raises its sales objective, which had already been increased at mid-year. Symrise aims at outperforming market growth and at achieving organic sales growth of more than 8% in fiscal year 2018.