Earnings release
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always inspiring more ... Trading update January - March 2021 Holzminden , 28 April 2021 symrise Symrise starts dynamically into the fiscal year 2021 - Organic growth of 10.5 % in the first quarter - Group sales rise to € 950 million - Targets for 2021 and medium - term targets until 2025 confirmed Symrise Group has dynamically started into the new business year and increased its sales or ganically by 10.5 % in the first quarter of 2021. Taking account of negative currency translation effects , sales rose by 3.5 % to € 949.6 million ( Q1 2020 : € 917.1 million ) compared to the prior year period . In spite of the global coronavirus pandemic , all segments recorded strong demand and achieved high organic growth . Sales for the first quarter also reflected catch - up effects re sulting from delivery backlogs caused by the cyber - attack in December . " Symrise AG has started very well into the first quarter of 2021. The order activities of our customers continued to be defined by the global coronavirus pandemic . We therefore again recorded particularly high demand for applications for hygiene and oral care products , cooking at home products as well as for pet food solutions . In the first quarter of this year , we also processed the order backlog that resulted from the criminal cyber - attack last December . Furthermore , we have completely reinstated our IT sys tems which are fully operational again . We see ourselves very well positioned for the coming months , " said Dr. Heinz Jürgen Bertram , CEO of Symrise AG . " Battling the pandemic will continue to define eve ryday lives as well as economic conditions in 2021. However , we expect that the increasing vaccination rates will support the economic recovery . We expect continued reliable demand and will continue to drive forward our growth initiatives . We aim at organic growth of 5 to 7 % for the current fiscal year . " Scent & Care with good demand for care and hygiene products , and cosmetic ingredients Scent & Care , the business with fragrances , aroma molecules and cosmetic ingredients , generated sales of € 373.2 million and grew organically by 8.3 % ( Q1 2020 : € 368.4 million ) . Taking negative cur rency translation effects into account , sales in reporting currency increased by 1.3 % . Sales in the Fragrance division developed very pleasingly and resulted in organic growth in the double digit percentage range . The main growth drivers were the Consumer Fragrance and Oral Care business units . Consumer Fragrance increased revenues particularly in the regions North and Latin America and Asia / Pacific . Oral Care reported the biggest growth in EAME ( Europe , Africa , Middle East ) and Asia / Pacific . The Fine Fragrances business unit , with perfumes in the luxury segment , was most affect ed by the coronavirus pandemic in the course of 2020. However , over recent months , it performed well and recorded a steady recovery . 1