Symrise achieves substantial increases in sales, earnings and profitability

The Group benefited from good demand in all regions and in both segments as well as from a particularly strong performance in the fourth quarter. In addition, with the acquisition of the Diana Group in July 2014, Symrise succeeded in entering the baby food and pet food markets and was able to expand its portfolio of natural ingredients. For the full year, Group sales increased by 18% at local currency to € 2.120 bn (2013: € 1.830 bn). Earnings before interest, taxes, depreciation and amortization as normalized for one-time effects from the acquisition and integration of Diana (EBITDAN) increased by 24% to € 464.5 m (2013: € 373.1 m). With an EBITDAN margin of 21.9% (2013: 20.4%), Symrise ranks again among the most profitable companies in the industry.

 

Dr. Heinz-Jürgen Bertram, Chief Executive Officer of Symrise AG, said: "2014 was a very successful year for Symrise. We considerably expanded our market position in Mature and Emerging Markets and significantly broadened our portfolio of natural ingredients through the acquisition of Diana. But, most importantly, we once more created value and substantially increased sales, earnings and profitability. As a result, we are in an excellent position, both strategically and financially, to continue our profitable growth in 2015 and to outperform the market again."