10/03/2023 | Ingredients

Symrise sales and profits rise

Symrise reports that it closed the 2022 fiscal year with another strong increase in sales and good profitability despite challenging economic conditions. A normalization in consumer behaviour as the coronavirus pandemic subsides and the price increases introduced by Symrise contributed to renewed strong sales in the Taste, Nutrition & Health segment.

The group’s sales increased by 20.7 % to EUR 4.6 bn. Concerning the Taste, Nutrition & Health segment, sales increased by 24.8 % to EUR 2.9 bn. The German flavour and fragrance company reaffirms its long-term profitable growth path with its thirteenth dividend increase. However, the company expects energy and raw material costs to keep rising.

Earnings before interest, taxes, depreciation, and amortization (Ebitda), before deducting a one-off impairment loss on the associated company Swedencare booked in the fourth quarter, increased to EUR 922 m, also significantly higher than last year’s figure of EUR 814 m.