Symrise reports profits and sales are up

By Nicholas Robinson contact

- Last updated on GMT

Symrise expects demand for its products to rise further this year
Symrise expects demand for its products to rise further this year

Related tags: North america

Symrise has reported group sales up 41% to 1.3bn for the first half of 2015, while group profits rose 44% to 300M.

Chief executive of the flavour and fragrance house Dr Heinz-Jurgen Bertram said: “Symrise continues to stand for growth combined with outstanding profitability.

“We are thoroughly satisfied with our first-half performance. We experienced strong demand in all regions and despite some economic uncertainties in some markets, we are looking ahead to the second half with confidence,” ​he added.

Sales increase

Flavour and nutrition sales increased by 75% for the first half of 2015, driven by a rise in new business and more orders from existing customers.

The strongest region was Latin America, where sales grew by 115%, while sales in North America nearly doubled and grew by 92% for the same period on the previous year.

Of the firm’s future, Bertram said: “The group expects demand to remain strong in all regions. For the full year, Symrise aims to outperform the global market for fragrances and flavours and delivering a margin of more than 20%.”

Economic growth in Europe would also drive sales, he added.

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