Symrise Group sales grow 13.2 % at local currency

Symrise AG experienced increased sales and earnings in the first quarter of 2010.

In an improving market environment the company saw sales al local currency grow 13.2%, or 12.8% at actual rates.

Symrise grew across all divisions and regions, profiting from a robust rise in demand as well as the increasing normalization of order patterns and stock keeping on the part of many customers.

Group EBITDA rose by 42% to 83.3 million Euros ($106 million).

At 21.3 % the EBITDA margin significantly exceeded the level of the first quarter of the previous year.

The positive sales development as well as the effects of the restructuring measures implemented in 2009 contributed considerably to the improvement in earnings.