Last Year’s Achievement
Revenue growth in the Symrise Group
was well above the industry average in 2007. At the same time, costs as
a percentage of sales were reduced thanks to strict cost management.
The combination of both of these factors led to significant increases
in EBITDA and operating profit in 2007. As a result of this, we could
increase our market share within the F&F market slightly.
Despite the higher prices for certain raw materials, Symrise managed to reduce its overall costs as a percentage of sales revenue. The increased sales revenue combined with the cost reduction generated an EBITDA of € 272.1 million in 2007, reflecting 11.9% increase over the EBITDA last year.
The Group profit and cash flow benefit from the efficient capital structure and the favorable financing conditions, which resulted in significantly reduced interest payments. These effects strengthen our position for the future.
TARGET ACHIEVEMENT
| Target 2007 | Achieved 2007 | |
| Growth in sales |
5–6% |
 6.2%(Based on local currencies) |
| EBITDA margin | >20% |
21.3%
|