THE WHAT? Symrise has reported a first half 2022 sales growth of 18.5 percent to €2.3 billion, with an organic growth of 10.2 percent.
THE DETAILS The Scent & Care segment achieved organic growth of 6.3 percent in the first half of 2022. Taking into account portfolio and exchange rate effects, sales in the first half of 2022 amounted to €863 million in the reporting currency.
The Fragrance division increased its sales by a single-digit percentage in the first half of 2022, with the Fine Fragrances business unit continuing to develop particularly dynamically, achieving double-digit percentage organic growth following a strong previous year.
Sales in the Cosmetic Ingredients division developed well, achieving organic growth in the double-digit percentage range. All regions posted significant increases in sales, led by EAME (Europe, Africa, Middle East) and Latin America.
Symrise raised forecasts for the 2022 fiscal year, stating it is, “targeting organic sales growth of significantly above 7 percent in 2022.”
THE WHY? According to Symrise, “The acquisition of the Fragrance and Aroma Chemicals business of Sensient, the acquisitions of Giraffe, Schaffelaarbos, Groupe Néroli and Romani, and the sale of the Velcorin and color business exerted a positive impact on sales development totaling €59 million. Excluding portfolio and exchange rate effects, organic sales growth amounted to 10.2 percent.”
Dr. Heinz-Jürgen Bertram, Chief Executive Officer of Symrise AG, said, “In a volatile business environment caused by rising commodity prices, ongoing global supply bottlenecks and the Russia-Ukraine war, we managed to continue on our profitable growth course.
“We achieved this by relying on our robust business model, diversified application portfolio and broad regional presence and customer base. Demand increased significantly in many areas. Customers have particularly increased their demand for applications for cosmetics, fine fragrances and pet food. Solutions for beverages and food have also performed very well and considerably contributed to the double-digit organic growth.”
Aesthetic products generally refer to a broad category of items designed to enhance or improve one's appearance, often focusing on skincare, beauty, and personal grooming. These products are typically used to maintain or enhance physical attractiveness and may include a wide range of items intended for both professional and personal use. Here are some common types of aesthetic products:
-
Skincare Products: Including cleansers, moisturizers, serums, and treatments designed to address various skin concerns such as acne, aging, hyperpigmentation, and sensitivity.
-
Cosmetics: Makeup products such as foundations, concealers, eyeliners, lipsticks, and eyeshadows used to enhance facial features and achieve desired looks.
-
Hair Care Products: Shampoos, conditioners, styling products, and treatments to maintain and improve the health and appearance of hair.
-
Fragrances: Perfumes and colognes used to enhance personal scent and attractiveness.
-
Dental Care Products: Toothpaste, mouthwash, whitening treatments, and dental floss aimed at maintaining oral hygiene and enhancing smile aesthetics.
-
Personal Grooming Tools: Including razors, electric shavers, trimmers, and grooming kits used for hair removal and personal hygiene.
-
Beauty Devices: Devices such as facial cleansing brushes, LED light therapy masks, and microcurrent devices designed for at-home skincare treatments.
-
Nutritional Supplements: Supplements aimed at promoting skin health, hair growth, and overall well-being, often containing vitamins, minerals, and antioxidants.
