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Stable Growth at Symrise Despite Economic Crisis

Published March 4, 2009
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Despite the unfavorable economic environment, Symrise boosted sales by 6.5% to $166.4 billion in 2008. According to the company, sales growth included the strategically important acquisitions in the U.S., including in the Scent & Care division, the acquisition of the U.S. businesses of Manheimer Fragrances and Intercontinental Fragrances.

Sales in local currencies rose by 7% at Scent & Care and by 11% at Flavor & Nutrition. Both divisions won new core list positions with key accounts. As last year, the emerging markets remained growth drivers. Sales in the emerging markets grew by 8% in local currencies and accounted for 39% of total sales in 2008.

Symrise’s position has substantially improved in the U.S. market, which had proved challenging to date. Sales in the U.S. climbed by 25%, noted the company.

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