The website of Personal Care Global

Symrise Cosmetic Ingredients division records double digit growth

Symrise recorded double-digit percentage organic growth in its Cosmetic Ingredients division in the first nine months of 2022.

The German chemicals outfit said in particular its sun protection products business unit has continued to be “very dynamic and displayed high project vitality”.

“With double-digit percentage organic growth, sales in the Cosmetic Ingredients division performed very well. All regions posted significant sales increases,” it added.

Overall, Symrise’s Scent & Care business unit with perfume applications, fragrance and cosmetic ingredients, achieved organic sales growth of 6.4% in the first nine months of 2022.

Taking portfolio and exchange rate effects into account, sales in the first nine months of 2022 were €1.316 billion (2021: €1.132 billion).

Group sales across Symrise were €3.493 billion in the reporting period, up from €2.883 billion a year earlier.

“In the wake of the solid business development in the first nine months, the company is now pursuing organic sales growth of more than 10 % (previously: significantly above 7 %) for 2022 as a whole,” Symrise said in a statement.

“Profitability shall remain at a high level in 2022, with an EBITDA margin of around 21 %. The aim is to continue to combine organic and inorganic growth in the form of targeted strategic acquisitions together with continued strict cost management and price increases.”

Symrise CEO Dr. Heinz-Jürgen Bertram added: “In a still challenging and volatile market environment, we once again managed to continue our growth course.

“Our diversified portfolio as well as our broad regional presence and customer base were key factors in achieving this. Furthermore, materially increased demand in our core competencies such as cosmetics and pet food has contributed to significant organic growth.”

See more about Symrise

Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

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

Upcoming Events

in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
25th - 26th June 2024

in-cosmetics Korea 2024

Hall C, Coex, Seoul, South Korea
24th - 26th July 2024

in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

IFSCC 2024

Recanto das Cataratas Thermas Resort, Iguazu Falls, Brazil
14th - 17th October 2024

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

Step Communications Ltd, Step House, North Farm Road, Tunbridge Wells, Kent TN2 3DR
Tel: 01892 779999
www.step-communications.com
© 2024 Step Communications Ltd. Registered in England. Registration Number 3893025