26/10/2021 | Industry, Ingredients

Symrise continues accelerated growth course

Symrise AG successfully continued its profitable growth course in the third quarter of 2021. The group recorded excellent organic sales growth of 8.3%. According to the company, in the first nine months of the current financial year, growth even amounted to 9.2%. Taking into account the portfolio effect from the acquired fragrances business of Sensient as well as currency translation effects, group sales rose to € 2.883 bn during the reporting period (9M 2020: € 2.703 bn), up 6.7% compared to the prior-year period and 10.6% in the third quarter. Both segments contributed to this positive result.

“We can look back on an exceptionally successful third quarter of 2021. As a result of the progress made in battling the coronavirus pandemic, demand has continued to increase significantly. The demand was particularly high for applications associated with more travel or leisure activities – including, for example, sun protection products, fragrances, but also applications for beverages and culinary products. We are extremely satisfied with our business development since the beginning of the year and we are continuing our accelerated growth path,” said Dr Heinz-Jürgen Bertram, CEO of Symrise AG. “This is why we are once again raising our sales forecast to around 9%. We are confident that we can achieve even more growth than forecasted after six months and we will make the best possible use of the remaining weeks in 2021 to achieve this target.”