THE WHAT? Symrise has reported a Q1 sales rise of 14.9 percent to €1.09 billion, up from 949.6 million euros in the prior year, according to Nasdaq.

THE DETAILS Group sales increased to €1.1 billion, while the company saw organic growth of 8.3 percent. 

The flavors and fragrance company confirmed its long-term growth and profitability targets, which are expected to continue growing faster than the relevant market. 

THE WHY? Symrise is said to have benefitted from ongoing high demand and positive portfolio, as well as currency translation effects.

Dr. Heinz Jürgen Bertram, Chief Executive Officer of Symrise, said, “At the start of the year, Symrise has seamlessly continued the positive business trajectory of the prior year. The ordering behavior of our customers clearly indicates that consumers have once again become more active with the reduction of many Coronavirus restrictions. This applies to travel and to areas like gastronomy and leisure. As a result, demand has increased for application areas such as sun protection and fine fragrances, as well as beverages and culinary products.”