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Q1 Gains at Symrise

May 7, 2013

All sectors contribute, along with Belmay acquisition.

Symrise reported a 6% rise in first quarter sales to 92.8 million euros, or $122.6 million; with a 7% increase to 46 million euros, or $60.8 million. According to reports, the company said the gains were due to solid developments in emerging markets and strong performances in established ones, including those touched by the euro crisis.

The EBITDA at Symrise's scent and care division grew 8% to 48.9 million euros, or $64.6 million, according to reports.
Category sales increased in every market, with the strongest developments in the Asia-Pacific region and Latin America. North America also registered a revenue gain of 12% in local currency.

"Once again, we enjoyed robust growth – growing faster than the market," said Heinz-Jürgen Bertram, Symrise's chief executive officer. "With the acquisition of the US fragrance manufacturer Belmay, we took another strategic step towards further expanding our product portfolio and market presence in North America. We are therefore confident for the upcoming months of 2013.”


The company, celebrating its 10th anniversary this year, forecasts a 2-3% increase in sales for fiscal 2013.
 

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