Symrise Group has dynamically started into the new business year and increased its sales organically by 10.5% in the first quarter of 2021.
Taking account of negative currency translation effects, sales rose by 3.5% to € 949.6 m (Q1 2020: € 917.1 m) compared to the prior-year period. In spite of the global coronavirus pandemic, all segments recorded strong demand and achieved high organic growth. According to the company, sales for the first quarter also reflected catch-up effects resulting from delivery backlogs caused by the cyber-attack in December 2020.
In the Flavor Segment – the business with flavors for food and beverages – sales increased organically by 9.1% in the first quarter. Taking negative currency translation effects into account, sales in reporting currency rose by 2.8% to € 331.5 m (Q1 2020: € 322.6 m). Applications for beverages and savoury products delivered the strongest organic growth in the EAME region, primarily in the national markets of Germany, Ireland, Russia, France, and Spain. Sales in applications for confectionery generated moderate organic growth during the first quarter.