Symrise continues strong growth

Symrise, an international supplier of fragrances and flavours, cosmetic base and active ingredients as well as functional ingredients, including for the petcare industry, continued its growth trajectory in the first nine months of the year.

Sales at the Germany-based company rose to 3.824 bn euros in the first nine months (comparative period in 2023: 3.61 bn euros), an increase of 5.9 per cent compared to the same period in the previous year. In the third quarter alone, sales increased organically by 10.2 per cent.

The main growth drivers were the Food & Beverage, Fragrance, Aroma Molecules and Pet Food divisions. The latter achieved double-digit percentage organic growth in the first nine months. Sales development in the Asia/Pacific and Latin America regions was particularly dynamic, with double-digit organic growth.

Based on the good business development in the first nine months, Symrise is specifying its sales target for the full year 2024 and is aiming for organic sales growth of around 7 per cent.