Symrise on a profitable growth course in the first half of 2024
In the persistently challenging environment worldwide, Symrise significantly increased both sales and profitability, above all thanks to strict cost management: Sales increased by 6.3 % to 2,565 million. Excluding portfolio and exchange rate effects, sales increased organically by 11.5 %, driven by the positive performance of the company’s two segments.
At the same time, profitability measured by the EBITDA margin of 20.7 % was significantly higher than the previous year’s adjusted figure of 19.7 %.
“Symrise is on course. I am committed to continuing Symrise’s success story – for the good of our customers, our shareholders and our employees. This is what we focused on in the past months. Despite our success in the first half of the year, we are not sitting back. Our good performance in recent months gives us confidence for the second half of the year. For this reason, we are therefore again confirming our growth and profitability targets for the full year”, says Jean-Yves Parisot, Chief Executive Officer of Symrise AG.
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Repurposed - Passionate about Sustainable Construction - 2024
3 周Good job, but emission targets of 2045 is too far out, that will be too late to turn things around.