PRESS RELEASE: Symrise AG achieves Strong Growth in Sales and Earnings
DGAP-News: Symrise AG / Key word(s): Interim Report Symrise AG achieves Strong Growth in Sales and Earnings
05.11.2013 / 07:00
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- Group sales increase by 10 % at local currency to EUR 1.4 billion
- Emerging Markets exceed Group growth with sales up by 11 % at local currency
- EBITDA increase of 10 % to EUR 290.2 million
- EBITDA margin increases to 20.7 %
Symrise AG continued its robust growth in the third quarter of 2013 with strong momentum. The Group increased sales to EUR 1,401.2 million in the first nine months of 2013; at local currency this translates into an increase of 10 %. Earnings before interest, taxes, depreciation and amortization (EBITDA) grew by 12 % at local currency to EUR 290.2 million. With an EBITDA margin of 20.7 %, Symrise remains one of the most profitable companies in the industry. Both divisions and every region contributed to this positive performance. In the Emerging Markets Symrise was able to increase sales by 11 % at local currency, thereby exceeding the Group's overall growth rate.
Dr. Heinz-Jrgen Bertram, CEO of Symrise AG said: 'Symrise has carried strong momentum into the second half of the year. We successfully left behind slight economic slowdowns, which occurred in certain markets. Along with high demand, our investments paid off: The new menthol capacities were well utilized and the US fragrance activities acquired at the beginning of the year provided an additional boost to our fragrance business. For the remaining weeks of 2013, we are confident on the continuation of Symrise's robust development. We plan to once again grow faster than the market and end the fiscal year as one of the most profitable companies in the industry.'
Double-Digit Growth in Nearly All Regions
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PRESS RELEASE: Symrise AG achieves Strong Growth in Sales and Earnings