THE WHAT? Symrise has introduced its outcomes for the primary half of fiscal 2023. The German elements provider reported gross sales of €2,414 million, up 6.8 p.c on the identical interval a yr in the past. EBITDA was down on final yr’s figures at €446 million attributable to a one-time impact regarding the shutdown of the Colonel Island website.
THE DETAILS Each segments contributed to the group’s gross sales efficiency, Symrise mentioned, with Style, Diet & Well being rising 11.4 p.c and Scent & Care inching up 2.4 p.c.
The corporate confirmed its progress and profitability targets, forecasting natural gross sales progress of 5 to 7 p.c in 2023.
THE WHY? Heinz-Jürgen Bertram, Chief Government Officer of Symrise AG, commented, “Symrise has a confirmed and secure enterprise mannequin with comparatively low threat content material. The Group is broadly diversified and robustly positioned. Nonetheless, persistently excessive inflation has resulted in value will increase. The corporate has been capable of partially offset till now by strict value administration and worth will increase. However, we’re beginning the second half of the yr with confidence.”
