Symrise Q3 Report 2023

Symrise confirms profitable growth course

• Organic sales growth of 7.4 % after first nine months and 6.4 % in the third quarter
• Group sales of € 3,610 million in the first nine months of 2023
• Growth target for 2023 confirmed at 5 to 7 % / adjusted EBITDA margin of around 20% targeted
• Symrise reaffirms long-term profitable corporate development; growth targets extended until 2028

Symrise continued on its profitable growth course in the first nine months of the year and achieved organic sales growth of 7.4%. Taking into account portfolio and exchange rate effects, group sales in the first nine months of the year increased to € 3,610 million (9M 2022: € 3,493 mil- lion), growth of 3.3% compared to the same period of the previous year. Both segments contrib- uted to this positive development and grew sales in an economic environment that continues to be challenging worldwide. Sales increased organically in the third quarter by 6.4%. Negative ex- change rate effects of 9.4 % led to a decline in sales of -3.0% in the reporting currency. In light of the robust organic growth, Symrise has confirmed its growth and profitability targets, and at the same time extended its long-term growth objectives until 2028.