13 Nov 2017
Symrise continues growth track at accelerated pace
By Staff Writer
Symrise AG accelerated its growth course in the third quarter, achieving overall a considerable increase in sales and earnings for the nine-month period. This positive trend was driven by strong demand across all segments. Symrise increased its sales organically by 6.5 percent in the first nine months of the year. Organic growth was particularly dynamic in the third quarter with a plus of 9.1 percent. Taking into account portfolio and exchange rate effects, sales in the first nine months of the year were up 3.9 percent to € 2,278.4 million (9M 2016: € 2,192.3 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 485.2 million (EBITDAN 9M 2016: € 480.3 million). With an EBITDA margin of 21.3 percent, profitability remained high (EBITDAN margin 9M 2016: 21.9 percent).
