Symrise reports growth

Symrise AG has reported that it has considerably increased its sales and earnings in the first nine months of 2014. The group benefited from high demand in both segments and all regions. For the first time and as of July, the consolidated financial statements also include the results of Diana Group, which was acquired in spring. Symrise thus increased its group sales by 13 per cent to €1,530m in the reporting period (9M 2013: €1,401m). Earnings before interest, taxes, depreciation and amortisation as normalised for one-time effects from the acquisition and integration of Diana (EBITDAN) increased by 18 per cent to €344m (9M 2013: €290m). The EBITDAN margin rose to 22.5 per cent (9M 2013: 20.7 per cent).

Dr Heinz-Jürgen Bertram, chief executive officer of Symrise AG, says: “Symrise is very well on track and in great shape. In the first nine months of the year, we successfully used market opportunities, systematically pursued our strategy and further expanded our market position. The Diana Group has been part of Symrise since July and we are successfully combining our activities. This will allow us to offer a much broader portfolio in the future and to make ourselves stand out in the market even more. We therefore consider Symrise in a good position for the remaining weeks of this year and also the future.”

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