Symrise achieves highly profitable growth in a challenging market environment

Earnings before interest, taxes, depreciation and amortization (EBITDA) increased by 11.9% to € 393 m as compared to the previous year’s level normalized for acquisition and integration costs for ADF/IDF (H1 2019: € 351 m). Profitability developed particularly well: The EBITDA margin rose to 21.6% and lies thus significantly higher than the profitability target for 2020. The net income for the reporting period increased to € 169 m. Against the backdrop of the strong business performance and profitability trend in the first half of the year, Symrise is raising its full-year EBITDA margin guidance from 20% to a range of 21 to 22%.