Symrise benefited from an increase in business during the second half of the year and the positive effects of the restructuring measures implemented over the course of the year.
Dr Heinz-Jürgen Bertram, CEO of Symrise AG, said: “Symrise has demonstrated its resilience during the deepest recession in decades. We managed to maintain our above-average growth rate despite the difficult environment. Our strategic focus on large global customers, emerging markets and innovative products has paid off. At the same time, we consequently adjusted to changing market conditions and made our operations leaner and more efficient. This contributed significantly to our ability to keep our normalised Ebitda margin at a high level. We want to share our business success with our shareholders and therefore intend to pay a stable dividend of €0.50 per share.
“The market environment has improved in recent months, but continuously high raw material prices and the low level of consumer confidence still constitute challenges. We anticipate that Symrise will again exceed market growth and generate an Ebitda margin of at least 20% in the current financial year. Our mid-term objective is to capitalise on our special strengths in dynamic regions and in innovative application areas to become the third-largest supplier in our market. We’re confident that we can achieve this goal with our current strategy and under our own power.”
Source: Symrise
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