German ingredients firm Symrise has reported a 9% increase in its flavours and nutrition business in the first nine months of the year.
Symrise said that sales increased to €649 million driven by upper double-digit performance in Asia-Pacific and North America. South American sales were up 5% but Western Europe where business as hit by the debt crisis.
EBITDA for flavours and nutrition was up 12% to €141 million. Overall, group earnings were also up 9% to €1.32 billion.
“Emerging markets provided particularly strong impetus for growth and accounted for 48% of sales for the very first time,” said Dr Heinz-Jürgen Bertram, Symrise’s chief executive.
“For the remaining weeks of 2012, we continue to remain confident, although the sovereign debt crisis is having a growing impact on both, the European and also the global economy. However, with our balanced portfolio of customer groups and products, as well as our regional presence, we are, in an excellent position to make good progress even during economically weaker phases,” added Bertram.
Symrise confirmed its full-year targets.
