Welcome to Symrise Our company Newsroom Investors Sustainability Your career Flavor & Nutrition Scent & Care Our stories search EN A case for investment Investors A case for investment 2020 in review 2019 in review Financial and ad hoc news Financial results Financial calendar and presentations Share and shareholder structure Bond and convertible Voting rights & Directors' dealings Corporate governance Annual General Meeting Downloads IR contact Welcome to Symrise Investors A case for investment SHARE An investment in Symrise is an investment in industry-leading growth and sustainable success Since our 2006 IPO, we’ve steadily cemented our position at the forefront of the flavor and fragrance world, while multiplying our shareholders’ return. Our continual success is defined by industry-leading growth and a comprehensive portfolio beyond traditional flavor and fragrance, underpinned by a commitment to backward integration and sustainability. Today, we employ more than 10,000 people and operate more than 100 production sites across the world. We hold market-leading positions in a number of segments – from baby and pet food to fragrance ingredients, menthol and oral care. Our overall global market share amounts to 10%. Symrise as it’s known today was founded in 2003, when the former Bayer subsidiary, Haarmann & Reimer, merged with the family-owned Dragoco. The historic roots of our business however date back to 1874, when the founders of Haarman & Reimer discovered how to produce nature-identical vanillin from coniferous trees. Their innovation kick-started a global industry, which continues to inspire our approach today. Featured content Symrise Factbook Latest version Six reasons to invest in Symrise 1. We operate in an attractive industry geared towards defensive end-consumer markets 4. Our competitive edge is led by a cross-divisional networking and research engine, committed to innovation 2. Our strongly balanced portfolio encompasses a global range of products, businesses, regions and customer groups 5. We’re increasingly securing backward integration across our supply chain, in service of the growing demand for naturals 3. Our strategy focuses on industry-leading growth that maintains high profitability levels 6. We’re expanding into adjacent high-growth areas beyond traditional flavor and fragrance 1. An attractive industry As the size and spending power of consumers around the world continues to increase, manufacturers of food & beverages, perfume and cosmetics – our clients – see an increasing demand for their products These are products that fulfill the basic, daily needs of people all over the world, and our ingredients and solutions are at their core. We estimate that on average, people interact with our ingredients 20-30 times in just a single day. The demand for our ingredients is constant and ever-growing, both in mature and emerging markets. Beyond the basic need to eat and drink, new consumption patterns and trends fuel a growing desire for our increasingly diverse solutions. Whether responding to the trend for healthy, natural ingredients or the growing demand for sustainable, transparently-sourced raw materials, our core offering is extremely resilient to change in our individual clients’ needs. What’s more, the cost vs. value ratio of our ingredients is extremely positive. The percentage cost of our flavor or fragrance ingredients is extremely low, yet as the key buying criteria for food, beverages and fine fragrances its value is extremely high. THE GLOBAL FLAVOR AND FRAGRANCE MARKET THE ADVANTAGE OF BEING A LEADING PLAYER The global flavor and fragrance market We’re active in many different markets around the world. We create solutions for traditional flavor and fragrance markets, with a portfolio that encompasses other aligned areas, such as cosmetic ingredients, probiotics and pet food. €36.0 billion Total value of the global market we’re active in 500 Approximate number of companies across the relevant market >49 % Market share of the top four players, of which we are one 10 % Our market share 2. A strongly balanced portfolio Our robust business is supported by a broad and balanced portfolio that spans products, businesses, regions and customer groups PRODUCT DIVERSITY BUSINESS DIVERSITY REGIONAL DIVERSITY CLIENT DIVERSITY Product diversity Our 30,000 products are made from 10,000 raw materials, and can be found in the consumer products you use every day – on average, they’re interacted with 20-30 times per day. 3. A strategy of industry-leading growth at high profitability levels Our three-pillar strategy of Growth, Portfolio and Efficiency drives our ability to outgrow our market while maintaining high profitability - a key strategy since 2012. We’re on course to achieve our target of 5-7% growth with an EBITDA margin of 20-23%. GROWTH EFFICIENCY PORTFOLIO Growth Our CapEx guidance of 4-5% of annual sales ensures that we keep on delivering above-market growth in the future. We also focus on the local and regional customers that already account for two-thirds of our sales – they’re the fastest growing and most agile. We compound this with our comprehensive research and technology capabilities. EXPLORE FURTHER Symrise delivers reliable, profitable growth during the exceptional year 2020. READ MORE Symrise to expand Scent & Care Activities through Acquisition of Sensient’s Fragrances Business Unit. READ MORE Corporate Report 2020. READ MORE 4. A cross-divisional networking and research engine Innovation drives our growth Our teams are breaking down the traditional barriers between flavor and fragrance in their quest to pioneer a new generation of game-changing solutions Beauty+ Fragrant Felines Madagascar 2.0 ‘Innomeat’ All about the berries Fine fish food Our extensive expertise doesn’t just involve cross-divisional networking – it also includes a core research engine that brings together some of the best minds from across academia and the wider industry We come together to influence everything from product development to marketing strategy and regulatory considerations. This outside-of-the-box thinking ultimately enables us to deliver full solutions for our clients that go beyond taste and smell. As these recent success stories show, our innovation is led by consumer trends, customer satisfaction and a commitment to sustainability. Catering to cats - Our development of a patent-protected cell model with B.R.A.I.N. identifies cats’ taste preferences for more successful mealtimes Tackling obesity - symlife® and symslim offer increasingly sought-after reduced-sugar solutions for beverages, while maintaining a high-quality sweet taste Overcoming cosmetic concerns - Whether tackling sensitive skin, intensive sunlight or the quest for even skin tone, our 17 new patents in 2016 were just the latest in ensuring we stay at the forefront of the cosmetics world Open innovation - We partnered with Bochum University when we developed our new malodour receptor blocker, Timberol 5. Backward integration Backward integration means increasing our control of the various supply chains that are crucial to our business. As we operate in over 40 countries and work with 5,000+ suppliers around the world, this is vital to our long-term, sustainable success. In short-term cycles, the price and availability of our natural raw materials can be impacted by circumstances beyond our control: flash-flooding and socio-political unrest are just two examples. Strong, backwardly-integrated relationships with our suppliers are key to overcoming these challenges. They help us to minimize resource use and ensure a sustainable supply of the high-quality materials our customers demand – both in the short and long-term. Until 2025 100% of our main suppliers (90% of procurement volume) assessed according sustainability criteria. Explore some of our successes in backward integration Click on the map pins to read more about our sustainable sourcing activities and where we source some of our strategic raw materials such as bananas, bergamot, beetroot and vanilla. 6. A vision beyond traditional flavor and fragrance Our strategy for non-traditional flavor and fragrance markets is reflected in our recent acquisitions Approximately two-thirds of our business is devoted to traditional markets, while the remaining third looks to new markets to boost our growth. For example, between 2012 and 2016 we have increased our stake to become majority shareholders in the pioneering Swedish probiotics company, Probi. Our acquisition of Diana Group included a move into pet food, a market in which we have been advancing the use of innovative pet taste-testing and the big data insights of pet social media. With the acquisition of ADF/IDF, Symrise leverages its leadership position in pet food, extending its palatability know-how towards the Premium Nutrition segment. The ADF/IDF’s brand IsoNova offers pet food solutions using egg protein specialties. It develops animal health, functional, and nutritional products. Thereby, Symrise becomes a unique player for pet food and nutrition. With ADF/IDF`s expertise in clean label chicken and egg-based nutrition ingredients Symrise will form a fully integrated supplier of protein specialty ingredients. Customers will benefit from a highly efficient supply chain and natural quality products. Where we are, where we’re heading 2006 - today: over a decade of success In 2006 we traded for the first time on the Frankfurt Stock Exchange, becoming the largest IPO in Europe that year Since our IPO, we can look back on steady, profitable growth above the market average. Having promptly established ourselves as a leading company in the industry over the past years, our goal can only be to consolidate and expand this position. We want to achieve this not by being hasty, but instead by implementing a well thought out and, more importantly, sustainable strategy. Dr Heinz-Jürgen Bertram, CEO On track to hit our 2025 goals In January 2019 we announced our new long-term targets until 2025 for the first time at our Investors' Day in Charleston, South Carolina, USA. We aim to increase our sales from € 5.5 to 6 billion. This target is supposed to be achieved with an average annual organic sales growth rate (CAGR) of 5 to 7 % and strategic acquisitions. During that period, profitability is planned to be further increased at a high level. From 2020 onward, we also intend to generate an EBITDA margin within the target corridor of 20 to 23 %. At the same time, we will remain fully committed to our proven strategy. CAGR 5-7% 2012-2020 annual sales growth target (2020: 2.7%) 20-23% annual EBITDA margin target since 2020 (2020: 21.1%) always inspiring more... READ MORE Explore our world of vanilla READ MORE DIANA - wellbeing by nature READ MORE Sustainable sourcing News November 18, 2021 Symrise Flavor & Symrise Diana Food with virtual presence at Fi & Hi Europe 2021: Best of nature, best of science, best for you and our planet See all news Follow us © Symrise All rights reserved 2021 Sitemap Imprint Terms & Conditions Privacy Policy Cookie Policy Manage Cookie Settings By selecting "Accept all Cookies" you allow Symrise to use cookies and similar technologies to learn about your device and browser settings in order to be able to provide you with personalized advertising and to ensure and improve the functionality of our website. Furthermore, you agree that this information collected about you may be transferred outside the European Economic Area as described in our Privacy Policy, in particular to the US. 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