08/08/2019 | Industry, International

Symrise achieves strong revenue growth in the first half of the year

Symrise continued its dynamic business development in the first half of 2019. According to the company, all segments benefited from higher customer demand and realized a pleasing increase in sales. Across the Group, Symrise increased organic sales in the first half of the year by 6.2%. Accounting for currency translation effects, Group sales increased by an impressive 7.4% to € 1.692 bn (H1 2018: € 1.576 bn).

Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to € 342 m and therefore was up 7.7% over the previous year’s level (H1 2018: € 317 m). Adjusted for the one-time effects related to the planned acquisition of ADF/IDF, EBITDA(N) amounted to € 351 m, exceeding the previous year’s figure by € 34 m.

The profitability of the Group remained at a high level with an EBITDA(N) margin of 20.8% (H1 2018: 20.1%). As a result of the new IFRS 16 standard, EBITDA(N) increased by € 9.8 m in the first half of 2019. The normalized net income for the period of € 153 m exceeded the previous year’s level by 7.8% (H1 2018: € 142 m).