Symrise continues to grow in challenging market environment
The Symrise Group remains on track for growth in the fiscal year 2020. In the first quarter, sales were up by 8.0 % to € 917.1 million (Q1 2019: € 848.8 million). All segments contributed to this positive development and posted gains despite the challenging global economic conditions under Covid-19. In organic terms, sales were up 2.3 % after strong comparative figures in the prior-year quarter.
“The Covid-19 pandemic is proving a tough test for the global economy. Symrise has put measures in place at all of its locations to provide employees and partners with optimal protection against the virus. They continue to be fully operational and are making every effort to supply their customers with the reliability they are used to. In this context, their employees’ flexibility and enormous commitment play a decisive role,” said Dr Heinz-Jürgen Bertram, CEO of Symrise AG. “This crisis again underscores the resilience and balance of their business model. With our broad range of product solutions for foods and beverages, personal care and hygiene, they serve especially in these times the needs of everyday life. In addition, they are demonstrating social responsibility by using their technological skills and resources to produce disinfectants by the ton and deliver them free of charge to municipalities for use in public institutions.”