We have invested, acquired and successfully integrated. Now we’re gradually displaying the benefits of our innovative business portfolio. In other words: unfolding strengths.
2017 was yet again a successful year for Symrise. For the twelfth year in a row we achieved very satisfactory increases in sales and earnings, especially in terms of organic growth. The Group increased sales by 3.2% to €2,996.3 million. Excluding portfolio and currency effects, organic sales growth even amounted to 6.3%. Symrise profited especially from the dynamic performance of the Flavor and Nutrition segments and strong demand in the EAME and Latin America regions.
Despite further investments into our expansion, volatile exchange rates and rising raw material prices over the course of the year, we operated yet again highly profitable. The Group raised its EBITDA by 1% to €630.3 million. With an EBITDA margin of 21.0%, Symrise exceeded its 20.0% target and was once again one of the most profitable companies in the industry.