Earnings release
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always inspiring more ... Trading Update January - September 2021 Holzminden , 26 October 2021 symrise Symrise continues accelerated growth course Organic sales growth of 9.2 % in the first nine months and 8.3 % in the third quarter Sales growth in reporting currency of 6.7 % compared to prior - year period and 10.6 % in the third quarter Further raising of sales target for 2021 : organic growth of around 9 % expected EBITDA margin to exceed 21 % Medium - term targets for 2025 confirmed Symrise AG successfully continued its profitable growth course in the third quarter of 2021. The Group recorded excellent organic sales growth of 8.3 % . In the first nine months of the current financial year , growth even amounted to 9.2 % . Taking into account the portfolio effect from the acquired fragrances business of Sensient as well as currency translation effects , Group sales rose to € 2,883 million during the reporting period ( 9M 2020 : € 2,703 million ) , up 6.7 % compared to the prior - year period and 10.6 % in the third quarter . Both segments contributed to this posi tive result . " We can look back on an exceptionally successful third quarter of 2021. As a result of the progress made in battling the coronavirus pandemic , demand has continued to increase significantly . The de mand was particularly high for applications associated with more travel or leisure activities - including , for example , sun protection products , fragrances , but also applications for beverages and culinary prod ucts . We are extremely satisfied with our business development since the beginning of the year and we are continuing our accelerated growth path , " said Dr Heinz - Jürgen Bertram , CEO of Symrise AG . " This is why we are once again raising our sales forecast to around 9 % . We are confident that we can achieve even more growth than forecasted after six - months and we will make the best possible use of the remaining weeks in 2021 to achieve this target . " Scent & Care with strong sales growth in Fine Fragrances , Active Cosmetic Ingredients and Men thol Scent & Care , the business with fragrances , aroma molecules and cosmetic ingredients , achieved strong organic sales growth of 8.1 % in the first nine months and 6.2 % in the third quarter of 2021. Tak ing currency translation effects into account , sales amounted to € 1,132 million in the reporting period ( 9M 2020 : € 1,057 million ) . The fragrance business acquired from Sensient in April 2021 contributed a total of € 27 million to the segment's sales . The Fragrance division benefited in particular from strong demand in the application area luxury per fumes , driven by the resumption of international travel and normalization of consumer demand following the end of lockdowns in many countries . The Fine Fragrances business achieved an excellent double digit sales growth in all regions . The Consumer Fragrance and Oral Care business units also developed well , once again increasing sales compared to the exceptionally high levels of the previous year . Both generated organic growth in the single - digit range . Overall , the Fragrance division achieved good , sin gle - digit percentage organic growth with sales increases in all regions . 1