Holzminden, Germany
Log in to view the full article
Holzminden, Germany
2021 Sales: €3,826 million
It has been quite the year for Symrise across the company’s many platforms. From acquisitions and partnerships to ingredient portfolio launches, Symrise has been a mainstay in P&F+’s headlines.
Symrise’s Heinz-Jürgen Bertram, Ph.D., CEO and president of Scent & Care, alongside Jean-Yves Parisot, Ph.D., president of Taste, Nutrition & Health join the issue to discuss the intricate details of the company’s growth, here are a few highlights from the company’s recent activities.
In early 2022, Symrise expanded its Fine Fragrance division with the acquisitions of fragrance house, R. Romani - Société Française d’Aromatiques (SFA Romani), as well as Neroli Invest DL (Groupe Neroli). More on that to come in the pages ahead.
Continuing on with its aggressive growth strategy, Symrise also acquired Schaffelaarbos, a Dutch-based producer of egg protein in pet food for the European Union in January 2022, immediately followed by Wing Pet Food, a Chinese producer in pet food palatability enhancers the following month. Shortly after, joined Diana Pet Food, ADF, IsoNova and Schaffelaarbos into a single organizational unit carrying the name of Symrise Pet Food.
Now readers can hear from two of the company‘s key players on the logistics regarding the growth in sales and the diversification of numerous segments.
Heinz-Jürgen Bertram, Ph.D.
CEO and President, Scent & Care, Symrise AG
Heinz-Jürgen Bertram [HJB]: Symrise AG outstandingly capitalized on the economic recovery in 2021 and successfully continued the profitable growth course. The group once again significantly increased sales and earnings. Symrise grew group sales in reporting currency by 8.7% to e3,826 million (2020: e3,520 million). Without considering portfolio and currency effects, organic growth amounted to 9.6%. Earnings before interest, taxes, depreciation and amortization (EBITDA) at e814 million lay significantly above the prior-year figure of e742 million. The group maintained profitability at a high level with an EBITDA margin of 21.3% (2020: 21.1%).
For the full article, please check out the Perfumer & Flavorist+ July 2022 issue.
