Symrise AG made a successful start into the new year, benefiting from continued high demand and broad positioning. In the first quarter, the group increased sales in the reporting currency by 12.8 % to EUR 1,230.2 m (Q1 2022: EUR 1,090.6 m). The company also recorded substantial organic sales growth of 10.6 % (previous quarter 8.3 %). Both segments contributed to the positive development.

“Symrise was able to seamlessly continue last year’s positive business development at the beginning of this year,” Dr Heinz-Jürgen Bertram, CEO of Symrise AG, said. “Despite high inflation and continued volatility in our markets, we are optimistic about the rest of the year and expect robust demand. Our diversified portfolio and our broad international positioning will also help us realize our growth potential and create lasting value this year. We therefore also confirm our outlook. For the current fiscal year, we are aiming for organic sales growth of 5 to 7 percent and an Ebitda margin of around 20 percent.”

The Taste, Nutrition & Health segment increased its sales by 15.6 % to EUR 776.1 m (Q1 2022: EUR 671.3 m). Organic growth reached 14.6 %. All regions contributed to this positive result. Strong growth drivers were the Latin America and EAME regions (Europe, Africa, Middle East). The Food & Beverage division, with its beverages and sweet and savoury application areas, achieved high, in some cases double-digit growth rates. Here too, the highest growth was achieved in the Latin America and EAME regions.