Symrise continues to increase forecasts for the rest of the year

The German company has surpassed figures in this third quarter with regard to the past year

Redacción
Editorial
10 of November of 2022
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Symrise continues growing in a third quarter
Symrise continues growing in a third quarter

After 9 months, Symrise has registered some organic sales of 11.3%, that have increased in the last quarter reaching 13.6%. The group has grown also in number of sales these nine months of 2022 until reaching 3,493 million euros, surpassing to the figures registered in 2021, that did not arrive to the 3,000 million euros. In total, regarding the same period of the previous year, the sales have increased 21.2%, and 26.4% if we compare the sales of the third quarter of 2021 with the same period of time of the year in course.

As they expose in his last report, the profitability will keep in a high level in 2022, with a margin EBITDA that will be around the 21 %. The aim is to follow combining the organic and inorganic growth in shape of specific strategic acquisitions together with a strict management of costs and increases of prices continued.

In the same document have spoken of aims and put to half term, specifically, with seen to 2025. The group expects that the sales grow until the 5.5 or 6 trillion euros with an annual growth that was between 5% and 7%. With this, think that the margin of EBITDA will increase until reaching the 20-23%.

Heinz-Jürgen Bertram, Chief Executive Office of Symrise AG has valued the last results obtained: "we keep Us in this challenge and volatile surroundings of the market, once again continues growing. Our wallet is diversified, as well as ours wide regional presence and our base of customers were key factors to attain it. Besides, the substantial increase of the demand in our basic competitions like cosmetics and foods for pets has contributed to a significant organic growth. Also we could accelerate even more our growth when purchasing Giraffe Foods, Schaffelaarbos, Wing Pet Food, Néroli and Romani, what strengthened significantly our range of products."

Symrise Has increased his growth still with the uncertainties that give in the panorama global current with the war of Ukraine, the rise of prices of materials and the problems of the chain of supplies. The company answers with a model of robust business, trusting the innovation and building his presence to international level.

The line of 'Scent & Care' has grown in sales and of scents and of active cosmetics achieving 6.4% of organic sales in the first nine months, and 6.7% in the third quarter. The acquisitions of the businesses related with the perfumery of Sensient, Néroli and Romani have contributed in 39 millions in the segment of sales. What has grown to double digit have been the organic sales in the division of cosmetic ingredients. The growth has moved to all the regions in which it acts Symrise. Regarding the specific business of the products of solar protection continue being very dynamic and with a big projection on a long-term basis.