Symrise off to a strong start in 2016

Moreover, US-based Pinova Holdings, Inc., which was acquired at the beginning of the year, was consolidated for the first time. In the first quarter, Symrise increased Group sales by 10% to € 731.8 m (Q1 2015: € 668.0 m). Earnings before interest, taxes, depreciation and amortization without special items from the Pinova acquisition (EBITDAN) increased by 6% to € 158.5 m (Q1 2015: € 148.8 m). With an EBITDAN margin of 21.7% (Q1 2015: 22.3%), profitability remained on a high level. Dr. Heinz-Jürgen Bertram, CEO of Symrise AG, said: "Despite high volatility in some markets, Symrise achieved solid first-quarter growth and is right on track. We posted gains in all regions and both segments. After the successful start to the year, we are generally confident as we look ahead to the coming months. We will continue pushing ahead with our planned growth projects, above all the integration of Pinova Holdings, the ongoing crosslinking of our expertise, and the targeted expansion of capacity."