Symrise achieves all-time high in sales and earnings in 2012

Symrise AG achieved the highest sales and earnings figures in its company history in fiscal year 2012. The Group increased sales to € 1.735 bn (2011: € 1.584 bn); this represents an increase by 10% (at local currency: 6%) compared to the previous year. Positive developments in both divisions contributed to this result.

Of the established markets, North America showed the most dynamic growth. Among the Emerging Markets – whose share of sales rose from 46% to 48% – Latin America posted the strongest growth. Symrise remained highly profitable despite increased raw materials prices and start-up costs for the doubling of its menthol capacities. EBITDA increased by 7% to € 339 m (2011: € 316 m) and the EBITDA margin reached its targeted level of about 20%.

Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, said: “For Symrise, 2012 was a new record year. We increased sales by 10% and thus exceeded both, market growth as well as our own targets. Symrise saw significant gains – both in Emerging Markets as well as in established markets such as North America. With a strong increase in EBITDA, we kept our profitability at a high level, despite increased raw material costs and one-off expenses. Earnings per share improved to € 1.33. The Executive and Supervisory Boards will propose increasing the dividend for the fiscal year 2012 to € 0.65 at the Annual General Meeting.”

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