BERLIN — Symrise AG’s net income grew 17 percent in 2015, while group sales gained 23 percent, spurred by both its fragrance and flavors divisions, and by all regions.
Company net income reached 246.8 million euros, or $274 million, while earnings before interest, taxes, depreciation and amortization advanced 23 percent to 572.2 million euros, or $635.4 million.
Company sales hit 2.6 billion euros, or $2.89 billion. Symrise noted that the Diana Group, which it acquired in mid-2014 and is now fully integrated, contributed sales of 524.8 million euros, or $582.7 million. Excluding Diana, Symrise sales were up 10 percent.
The group’s Scent & Care segment sales rose 10 percent to 1.07 billion euros, or $1.19 billion, with EBITDA gaining 4 percent. Symrise said its Aroma Molecules and Cosmetic Ingredients divisions performed particularly well, and highlighted strong demand for menthol and cosmetic active ingredients.
Dollar figures are converted at average exchange for the period to which they refer.
Last fall, Symrise opened an expanded production plant for cosmetic ingredients at its Holzminden, Germany-based headquarters, the first step in broadening its competitive presence on the market. In January 2016, the company also acquired U.S.-based Pinova Holdings Inc., giving it access to additional natural ingredients used in perfume compositions.
Despite ongoing challenges in the global economic environment, Symrise said it has “made a good start in the current fiscal year, and will capitalize growth opportunities in developed and emerging markets.” The company reconfirmed its midterm targets through the end of 2020 that call for a compound annual growth rate of 5 percent to 7 percent and an EBIDTA margin of 19 percent to 22 percent.