The Symrise Group remains on track for strong growth in the fiscal year 2019 with a high sales increase by 9.3% to € 848.8 m (Q1 2018: € 776.9 m) in the first quarter. According to the company, all segments benefited from good demand. Organic sales growth in the first quarter was up 8.2%. "We are off to a dynamic start into the year and consider ourselves very well positioned with our strong market presence," said Dr Heinz-Jürgen Bertram, CEO of Symrise AG. "Our targeted capacity expansion measures continue to pay off. This has been accompanied by consistently good demand from our customers. Once again, all segments achieved gains and contributed to the growth of the Group. Despite the cautious economic outlook, we are confident about the development of our business in the coming months. We have substantiated our full-year guidance and our long-term ambitions with the updated targets. Extending through to 2025, they call for an annual organic growth of 5-7 % (CAGR)."
In the Flavor segment – the business activities with flavors for foods and beverages – sales increased by 8.3% to € 315.6 m (Q1 2018: € 291.2 m). All application areas and regions had increases in sales volumes. Adjusted for exchange rate effects, organic growth amounted to 6.7%.