keyboard_arrow_downSymrise achieves strong organic growth in first quarter
Symrise AG remains on track for strong growth in the fiscal year 2018 and achieved a very healthy 7.5 percent organic increase in sales in the first quarter. All segments benefited from good demand. Taking into account portfolio and exchange rate effects, sales in the first quarter were up 1.5 percent to € 776.9 million (Q1 2017: € 765.2 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to € 155.8 million. Due to negative currency effects and higher raw material costs, the EBITDA came in lower than in the prior-year period (Q1 2017: € 165.5 million). The EBITDA margin reached 20.1 percent and was within the medium-term target corridor of 19–22 percent.