Symrise AG took full advantage of its growth opportunities in 2018 and successfully overcame headwinds resulting from external factors. Taking into account portfolio and exchange rate effects, sales increased by 5.3 % to EUR 3.15 bn (2017: EUR 3 bn). On organic basis, sales growth even amounted to 8.8 %, exceeding the increased guidance issued in late fall. This outstanding performance was carried by all segments and regions.

Despite targeted investments in increased capacity at locations in China and the USA and negative effects from exchange rates and raw material costs, Symrise retained its earnings power. The Group achieved earnings before interest, taxes, depreciation and amortization (Ebitda) of EUR 631 m (2017: EUR 630 m). With an Ebitda margin of 20.0 %, profitability remained healthy and within the target corridor of 19 to 22 %.

Symrise again grew significantly faster than the relevant market for fragrances and flavours, where growth in 2018 was in the 3 to 4% range. The growth driver at regional level was once again Latin America with an outstanding double-digit organic growth rate of 16.2 %.