Symrise with a successful start in 2017

Contributing to this development was strong demand in all segments. In the first quarter, Symrise increased its sales by 4.6% to € 765.2 m (Q1 2016: € 731.8 m). Adjusted for portfolio and exchange rate effects, the Group achieved organic growth of 5.3%. Earnings before interest, taxes, depreciation and amortization (EBITDA) were up by 4.4% to € 165.5 m (Q1 2016 EBITDAN: € 158.5 m). With an EBITDA margin of 21.6%, Symrise continued to operate highly profitable (Q1 2016 EBITDAN margin: 21.7%).

"The targeted investments to expand our portfolio, the further development of our customer relationships, and the efforts to build our market presence continued to pay off in the first quarter. We seamlessly maintained our strong performance into the first months of 2017, expanded our existing business in all segments, and also gained new customer projects. There is therefore every reason to feel confident as we look forward to the coming months. We plan to continue pushing ahead with our growth initiatives and to keep expanding our market position. For 2017 we are planning a number of projects. These will include gaining broad access to natural, sustainable raw materials and the expansion of our capacities in Holzminden as well as internationally," said Dr. Heinz-Jürgen Bertram, CEO of Symrise AG.