A positive start for Symrise
The company posts growth in Q1
Global cosmetic supplier Symrise AG has released its first quarter 2011 report that shows the company’s positive start to the year. During the reporting period Symrise AG increased sales by 6.6% to €416.8m.
The growth was driven by business with major clients and by activity in emerging markets, which represented 46% of the total sales. Latin America was the most dynamic country reporting a 21% increase in sales.
Dr. Heinz-Jürgen Bertram, chief executive officer at Symrise AG, said: “As expected, markets have returned to more moderate growth following the extraordinarily strong year 2010. We have set a good basis during the first quarter and are confident as we look to the coming months. However, uncertainties remain with regards to the political developments in North Africa and the Middle East, the effects of the natural disaster in Japan, and the price development on raw material markets.”