Symrise Reports Robust Sales and Profit Growth for 2024

Symrise AG announced significant financial gains for 2024, with a 5.7% rise in group sales, reaching nearly €5 billion, compared to €4.7 billion in 2023. The company, a prominent player in fragrances, flavors, and active ingredients, also achieved an 8.7% organic growth. EBITDA climbed to €1,033 million, a notable increase from the previous year's €903 million, resulting in a margin rise to 20.7% from 19.1% in 2023.

Net income saw a dramatic 40.5% increase, totaling €478 million. Earnings per share climbed from €2.44 to €3.42. Symrise's CEO, Dr. Jean-Yves Parisot, emphasized the company's strategic positioning despite challenging market conditions and confirmed its long-term growth targets for 2028.

Regionally, sales in Europe, Africa, and the Middle East grew organically by 10.9%, with North America and Latin America also reporting gains. Symrise's cash flow and equity ratio improved significantly, further strengthening its financial position.