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Q1 Gains at Symrise

July 10, 2013

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, 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.

“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.”

EBITDA at Symrise’s scent and care division grew 8% to €48.9 million, 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.

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