Scent and skin care post double digit gains for Symrise

By Simon Pitman contact

- Last updated on GMT

Scent and skin care post double digit gains for Symrise

Related tags: North america, Corresponding period, Cosmetics

Germany-based fragrance and ingredients provider Symrise has posted big sales in its scent and skin care division on the back of gains in cosmetics ingredients, as well as oral care and fine fragrances.

The company reported that group sales in local currencies for the first six months of the year rose by 9.5 per cent to € 934.7m, compared to €871.6m for the corresponding period last year, a figure that represented an increase of 7.2 percent in reported sales, when factory in negative currency translations.

On a reported basis EBITDA for the period was also up, increasing from €174.0 in the corresponding period last year to €191.2m, which represented a 10 per cent rise.

Sales rocket in North America

“With an increase of 14 per cent at local currency, North America was the region posting the strongest sales growth. EAME, which was impacted last year, saw a good recovery and also achieved solid sales growth,”​ said Dr. Heinz-Jurgen Bertram, Symrise CEO.

Further to the strong performance in North America, the Asia Pacific region also saw double digit increases, with reported sales during the six months increasing 10 per cent, while in the EAME reported sales increased by 5 per cent, a recovery on the corresponding period last year.

Bertram also noted that the success of the scent and skin care division was driven by the fact that a number of new cosmetics ingredients were added to the portfolio, as well as several additions to production capacity that also positively affected the division.

Additional menthol capacity and more cosmetics ingredients

In the scent and care division, sales increased by 10.3 per cent on a reported basis to €490.3m, which was an increase of 12.5 per cent in local currencies.

The company noted that, on top of gains in several cosmetic and personal care category, the results of the division had also benefitted from additional capacity for menthol, while on a regional basis, the biggest gains were seen in North America, where sales were up 18 per cent in local currencies.

Looking ahead to the rest of the year, Bertram added: “We will continue to implement our business expansion plans, adding new and innovative product solutions to our portfolio. In addition, we will enhance our position in both, industrialised nations and Emerging Markets.”

Related topics: Business & Financial

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