Symrise in 2011 again highly profitable

Symrise AG upheld its industry-leading profitability and achieved its targeted EBITDA margin of 20% in Fiscal Year 2011. According to the company, Symrise generated earnings before interest, taxes, depreciation and amortization (EBITDA) of € 315.9 m (2010: € 331.2 m). Despite the economic slowdown over the course of the year and the burden of increased raw material prices, the Group again demonstrated its earnings power.

At an increase of 2%, sales growth was moderate compared to the previous year which was characterized by catch-up effects. Sales amounted to € 1.58 bn at local currency and reflect both, the more cautious market environment and selective portfolio streamlining by discontinuing less profitable business. Symrise saw above-average growth in business with global customers, where sales rose by 7%. Activities in Emerging Markets contributed 46% of sales in 2011.

www.symrise.com