Symrise Generates Substantial Gains In Sales And Earnings In 2015
Symrise AG was once again among the fastest-growing and most profitable companies in its sector in 2015. The Group experienced strong demand in…
Symrise AG was once again among the fastest-growing and most profitable companies in its sector in 2015. The Group experienced strong demand in both segments and all regions and increased sales by 23 % (18 % at local currency) to € 2,601.7 million (2014: € 2,120.1 million). EBITDA also showed strong growth and rose by 23 % to € 572.2 million (normalized EBITDA in 2014: € 464.5 million). The EBITDA margin increased to an outstanding 22.0 % (2014 normalized: 21.9 %).
Flavor & Nutrition segment
Flavor & Nutrition experienced a substantial 34 % increase in sales (31 % at local currency) and benefited in particular from strong demand for beverages and savory applications. Diana Group also achieved strong growth, especially with pet food and aquaculture applications. Excluding Diana, sales increased by 11 % (8 % at local currency).
EBITDA in this segment staged by 41 % to € 340.9 million (2014 normalized: € 241.6 million). The EBITDA margin rose to 22.3 % (2014 normalized: 21.2 %).
Good starting point for 2016 – mid-term targets confirmed
Symrise expects the economic environment for the current fiscal year to be challenging. Ongoing political conflicts in certain regions, heavy debt burdens of some countries and the low oil price are weighing down the global economy. With its worldwide presence and its diversified portfolio, the Group believes that it is very well positioned to continue its profitable growth course.
Symrise aims at outperforming the global F&F market in 2016, both at the Group level and in both segments. The Company has made a good start in the current fiscal year and will capitalize growth opportunities in Developed and Emerging Markets. Consequently, Symrise remains fully committed to the mid-term objectives extending to the end of 2020, namely a compound annual growth rate (CAGR) of 5-7 % and an EBITDA margin of 19-22 %.