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Symrise Scent & Care records Q1 sales growth of 12.4% year-on-year

Symrise’s Scent & Care business unit generated sales of €419.3 million in the first quarter of 2022, up 12.4% on revenue of €373.2 million a year earlier.

The German firm’s fragrances, perfumery applications and cosmetic ingredients business saw organic sales growth of 4.9%, it said.

“Sales in the cosmetic ingredients division developed very positively during the first quarter of the current year with organic percentage growth in the double-digit range,” the company said in a statement.

“The key growth drivers were the regions EAME (Europe, Africa, Middle East) and Latin America. In particular, the application area for sun protection products grew dynamically as a result of the increase in international travel activity and the return to more widespread leisure activities.”

Overall, Symrise recorded group sales of €1,090.6 million in the first quarter of 2022, up 14.9% on revenue of €949.6 million a year earlier.

Symrise AG chief executive Dr. Heinz-Jürgen Bertram said: “As the year progresses, we will see an increased level of volatility in the business environment due to the war in Ukraine and the ongoing battle against the pandemic.

“Nevertheless, we expect reliable demand and are convinced that we are well positioned for the coming months. We are consistently implementing our growth initiatives and continue to target organic sales growth of 5 to 7% with an expected EBITDA margin of around 21% for the current fiscal year."

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Upcoming Events

in-cosmetics Korea 2023

Hall C, Coex, Seoul, South Korea
12 - 14 July 2023

IFSCC 2023

Barcelona International Convention Centre
4 - 7 September

in-cosmetics Latin America 2023

Expo Center Norte, Sao Paulo
27 - 28 September

Cosmetorium 2023

Palau de Congressos de Barcelona
18 - 19 October

SEPAWA 2023

Estrel Congress Center, Berlin
25 - 27 October

California Chapter Suppliers’ Day 2023

Long Beach Convention Center
25 - 26 October

Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

Download the FREE Personal Care Magazine app from your device's App store

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