Symrise achieves new all-time highs for growth as cosmetics ingredients boosts Scent & Care

By Andrew MCDOUGALL

- Last updated on GMT

Symrise achieves new all-time highs for growth as cosmetics ingredients boosts Scent & Care
Ingredient supplier Symrise outperformed the overall market in the first nine months of 2015 and significantly boosted its earnings, thanks to strong demand in all of its segments and regions. 

The Flavor & Nutrition segment was a standout performer with a sales increase of 47% in the first nine months of the year; but sales in the Scent & Care segment were also strong, rising by 10 % to €812.3 million.

The main growth drivers here were the aroma molecules and cosmetic ingredients business.

Unrivalled strength

Overall, Symrise increased its sales by 29 % to € 1,977.0 million and its earnings before interest, taxes, depreciation and amortization (EBITDA) by 30 % to € 448.5 million, for the nine month period, making it one of the most profitable companies in the industry.

"Our results speak for themselves. There are very few companies in our industry that can match the growth and profitability of Symrise,”​ says Dr Heinz-Jürgen Bertram, CEO of Symrise.

“We have benefited from strong demand in both segments and all regions, and have further reinforced our market position.”

The results were boosted thanks to the acquisition of natural manufacturer, The Diana Group, last year, as it contributed sales of € 395.4 million.

Even without this though, Symrise achieved above-average growth, with Latin America among the fastest-growing regions with sales up 39%, while North America and EMEA posted sales increases of 25 % and 21 %, respectively.

Emerging Markets also posted a strong growth, with a sales increase of 25 % at local currency and the Group generated 46 % of total sales in these highly dynamic markets.

Positive outlook

The strength of these results has meant that the Germany-headquartered firm remains optimistic in its 2015 outlook despite political tensions in some regions and a recent economic slowdown in some emerging countries such as China.

The company says it expects demand to remain strong in both segments and all regions in the final quarter.

“We continue to anticipate our full-year results for 2015 with confidence. Our fourth quarter started out at a strong pace, and I believe that we are very well positioned to make the best use of the remaining weeks,”​ adds Bertram.

Related news

Related products

show more

Discover Peptan for Beauty & Diverse Skins

Discover Peptan for Beauty & Diverse Skins

Content provided by Rousselot | 05-Sep-2024 | Product Brochure

As beauty from within solutions soar in popularity, manufacturers need to be able to serve everyone, no matter their ethnicity or skin type.

FucoSkin®: Ocean-Inspired Sustainable Beauty

FucoSkin®: Ocean-Inspired Sustainable Beauty

Content provided by Hi-Q Marine Biotech International Ltd | 28-Aug-2024 | White Paper

FucoSkin® is a fucoidan-rich extract derived from the brown seaweed Laminaria Japonica, known for its excellent anti-aging and photoprotective benefits....

See our latest innovations in personal care

See our latest innovations in personal care

Content provided by Covation Bio™ PDO | 02-Apr-2024 | White Paper

At CovationBio PDO, we’re helping the world achieve its sustainability goals by enabling better performing, better-for-the planet products across a range...

Collagen Reimagined, Discover Biodesigned Type XXI

Collagen Reimagined, Discover Biodesigned Type XXI

Content provided by Geltor | 20-Mar-2024 | Product Brochure

Collagen is the body’s most abundant protein and a mainstream ingredient for beauty. Type XXI collagen transcends a common protein into a powerful bioactive

Related suppliers

Follow us

Products

View more

Webinars

Podcast