Symrise achieves strong sales and earnings growth with high profitability in fiscal year 2021

Symrise grew group sales in reporting currency by 8.7% to € 3.826 bn (2020: € 3.520 bn). Without taking into account portfolio and currency effects, organic growth amounted to 9.6%. Earnings before interest, taxes, depreciation and amortization (EBITDA) at € 814 m were significantly above the prior-year figure of € 742 m. The group maintained profitability at a high level with an EBITDA margin of 21.3% (2020: 21.1%).

“2021 was a successful year all round for Symrise. We made good use of the tailwind generated by the global economic recovery and we aligned our sails accordingly. As a consequence, we very successfully continued our course of profitable growth. Additionally, we were also able to realize trailblazing purchases and investments. This allowed us to strategically diversify our know-how and our portfolio, further increase our appeal to customers and differentiate our profile in the market. Since September, Symrise has also been a member of the DAX, Germany’s leading index. As a result, our share has continued to gain a higher profile and enhanced appeal, particularly on the international capital markets. Part of our capital market philosophy is for our shareholders to participate in the successful development of Symrise AG. The Executive Board and Supervisory Board therefore propose the twelfth dividend increase in succession in the amount of € 1.02 for the year 2021,” said Dr Heinz Jürgen Bertram, CEO of Symrise AG. “For the current fiscal year, we confirm our long-term target to achieve an average increase in sales of between 5 and 7% (CAGR) and to exceed market growth. Furthermore, we are once again targeting high profitability for 2022 with an EBITDA margin of around 21%, in spite of the increasing raw materials costs and energy prices.”