Symrise posts strong growth in the first quarter

Key driver for this favourable development was, apart from the Diana acquisition in mid-2014, the sustained high demand in both segments. Symrise increased sales by 42% to € 668.0 m in the first quarter (Q1 2014: € 469.6 m). Earnings before interest, taxes, depreciation and amortization (EBITDA) were up by 47% to € 148.8 m (Q1 2014: € 101.0 m). With an EBITDA margin of 22.3%, Symrise managed to improve its profitability compared to the same quarter last year (21.5%) at a high level. Net income for the period also developed positively and increased by 31% to € 68.0 m (Q1 2014: € 51.9 m).

Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, said: “We had an excellent start into the year. The strong growth across all segments and regions shows that we are ideally positioned with our clear strategy and unique set-up. Diana has more than fulfilled our expectations following its integration. But Symrise also achieved new records in terms of growth and profitability with its existing customer base. Despite uncertainties in individual markets, we remain confident for the coming quarters.”