Symrise registers 6% growth in sales for Q1 2013

Flavours and fragrance manufacturer Symrise has reported a 6% increase in sales to €458m for the first quarter ended 31 March 2013, up from €433m during the same quarter in 2012.

The firm’s net income in the first quarter was €46m, an increase of 7% from €43m in the corresponding quarter of the previous year.

Symrise CEO Heinz-Jürgen Bertram said the firm, which is celebrating its ten-year anniversary in 2013, has enjoyed robust growth again.

"Along with solid development in Emerging Markets, we also benefited from considerable growth impetuses in the established markets."

"Our profitability remained at a good level with an EBITDA margin of 20.3 %. With the acquisition of the US fragrance manufacturer Belmay, we took another strategic step towards further expanding our product portfolio and market presence in North America. We are therefore confident for the upcoming months of 2013, " said Bertram.

The firm’s sales for the first quarter of 2013 in the Scent and Care division increased to €245m, compared to €200m for the same period in 2012.

According to the firm, Flavour and Nutrition division sales in the third quarter rose to €221m, compared to €224.9m in the corresponding period of the previous year.

Symrise is a Germany-based flavours and fragrance manufacturer, whose portfolio includes fine fragrances, personal care, fabric care, life essentials, aroma molecules and oral care cooling compounds.