Dear readers and friends of Symrise!
Our company was founded in 2003, but its roots date back to 1874. Despite the pride we take in our tradition and past successes, we look mainly toward the future: How can we continue, or even accelerate, the successful development of Symrise? How can we use our strengths in an even more focused way to best meet the requests and needs of our customers and consumers worldwide? What do we need to change today so we can achieve our goals tomorrow?
In January 2019, we decided to continue following our proven strategy until 2025. With continuous organic growth of 5 to 7 %, we want to increase our sales to around € 5.5 to 6 billion. Our EBITDA is expected to expand to 20 to 23 % in the near future. We are driving forward our expansion in high-growth business areas with targeted investments – even beyond fragrances and flavorings. We are strengthening and securing our own natural raw material base. We will convert our market-leading innovative strength even more rapidly into innovative, market-ready products. And we are supporting our talented employees so that they learn to utilize their full potential. “Developing resources” – the motto of the 2018 Symrise Corporate Report – accurately reflects the central idea of our long-term strategy.
The commitment of Symrise to the sustainability of what we do and the preservation of our natural environment is inextricably linked to our economic ambitions. As a signatory of the United Nations Global Compact, we actively support the principles of responsible business outlined therein. In December 2018, Symrise was recognized with the German Sustainability Award in the category “Germany’s most sustainable large corporation 2019.” We are delighted to receive this honor, and we are proud of our achievement and its recognition by the wider public.
Symrise achieved organic sales growth of 9 % in the 2018 fiscal year. With an EBITDA margin of 20 %, we continue to be one of the most profitable companies in this industry. We generated earnings of € 2.12 per share for our shareholders, and the profit distribution will continue to rise. These, too, are achievements that make us proud.
The world of Symrise is colorful and diverse, and the topics covered in our Corporate Report are exciting, sometimes surprising and often instructive. We hope you enjoy reading it!
Your Global Management Committee