Symrise has reported double-digit organic growth of 11.4 % in a year marked by multiple investments, a business restructuring and sales growth, as the company has reaped the benefits of increased out-of-home consumption. However, it anticipates lower consolidated key figures than expected for the past 2022 fiscal year. The primary reason for this is an impairment loss of EUR 126 m relating to the interest in Swedencare AB, a leading manufacturer of premium products for pets, which Symrise recognized in the fourth quarter. Despite this market-related impairment loss, the company “maintains its faith in the value and great potential of the Swedish company.”

Symrise’s preliminary Ebitda for 2022 increased to EUR 921.6 m, up from EUR 813.6 m last year. The company has managed to accelerate its growth through a strategy of investments, purchasing EvodiaBio, Schaffelaarbos, Wing Pet Food, Néroli and Romani. Furthermore, the business acquired Canadian-based Giraffe Foods.