EANS-News: Symrise AG / Sales and Earnings up 9 % in the First Nine Months

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quarterly report

Holzminden (euro adhoc) - Emerging Markets account for 48 % of sales
for the first time - EBITDA margin of 20 % despite persistently high
raw material prices and start-up costs for menthol production -
Earnings per share rise to EUR 1.07

In the third quarter, Symrise AG successfully built on its dynamic
performance from the first half of the year. In the first nine months
of 2012, the Group generated sales of EUR 1,320 million (9M 2011: EUR
1,206 million), exceeding the previous year's figure by 9 % (6 % at
local currency). Both divisions provided strong impetus for growth.
Symrise experienced above-average growth in the emerging markets,
with Latin America performing particularly well. The Group also
recorded considerable sales increases in Asia and North America.
Symrise remained highly profitable despite high raw materials prices
and start-up costs for its new menthol production plant. The Group
increased its EBITDA by 9 % to EUR 264 million (9M 2011: EUR 243
million) and achieved an EBITDA margin of 20 %.

Dr. Heinz-Jürgen Bertram, Chief Executive Officer of Symrise AG,
said: "We achieved considerable increases in sales and earnings
throughout the Group in the first nine months of this year. The
emerging markets provided particularly strong impetus for growth and
accounted for 48 % of sales for the very first time. In terms of
earnings, we coped well with a number of anticipated one-off
expenses. 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. We therefore
confirm our targets for the fiscal year of 2012. We will continue to
pursue our strategy which aims at sustainable, profitable growth."

Strong Growth in Group Sales

Symrise increased its sales by 9 % to EUR 1,320 million in the first
nine months of 2012 (9M 2011: EUR 1,206 million). Both divisions
significantly contributed towards this increase. In the third
quarter, the Group succeeded in increasing sales by 14 % (9 % at
local currency) to EUR 448 million, compared to EUR 395 million in
the same quarter of the previous year.

With a 20 % sales increase (21 % at local currency) Latin America
provided the Group's strongest growth in the reporting period.
Developments in the Asia/Pacific region were also positive, allowing
Symrise to boost its sales there by 15 % (8 % at local currency). In
North America sales were up 19 % (8 % at local currency). Economic
caution influenced sales in the Western European countries of the
EAME region as a result of the European sovereign debt crisis.
However, positive impetus came from Eastern Europe, Russia and
Africa. Compared to the prior year period, sales were slightly up by
1 % (1 % at local currency).

EBITDA Margin of 20 %

Symrise increased its EBITDA by 9 % in the first nine months to EUR
264 million (9M 2011: EUR 243 million). Raw material costs remained
on an overall high level. As expected, the Group also had start-up
costs for the new menthol production plant in Holzminden, Despite
these factors, Symrise successfully maintained its profitability and
posted an EBITDA margin of 20 % for the reporting period (9M 2011:
20.1 %).

Net income rose by 7 % compared to the first nine months of 2012 to
EUR 126 million (9M 2011: EUR 117 million). Earnings per share rose
by 8 cents to EUR 1.07 (9M 2011: EUR 0.99).

Cash Flow from Operating Activities above Last Year's Level

Due to positive business developments the cash flow from operating
activities increased from EUR 130 million in the previous year to
EUR 138 million in the reporting period. The Group has the necessary
liquidity and financial strength to fully implement its strategy. The
ratio of net debt (incl. pension provisions) to EBITDA fell to 2.1
(December 31, 2011: 2.2).

Sales Share from Emerging Markets Reaches a New High of 48 %

During the first three quarters, Symrise continued to expand its
strong market position in the emerging markets. With a sales increase
of 11 % at local currency, Symrise outperformed the Group's average
growth rate in these regions. The company experienced particularly
strong demand in Latin America, China, Russia and the Middle East.
The share of sales generated in the emerging markets increased by two
percentage points compared to the first nine months of 2011 and
reached the 48 % mark for the first time (9M 2011: 46 %).

Strong Growth with Large Global Customers

Symrise has a balanced portfolio of small-scale local, medium-sized
regional and large global customers. Global producers of food and
consumer goods form a strategic focal point within the customer
groups. Symrise increased its sales with its global customers by 11 %
at local currency, outperforming the Group's total growth rate. Both
divisions further expanded their business with global customers.
Scent & Care reported a 12 % increase in sales at local currency.
Flavor & Nutrition grew sales with global customers by 9 %. Overall,
business with major international customers accounted for 32 % of
sales in the reporting period (9M 2011: 31 %).

Scent & Care

The Scent & Care division posted sales of EUR 671 million for the
first nine months (9M 2011: EUR 610 million) - a 10 % increase on the
previous year's figure. At local currency, sales were up 7 %. Scent &
Care particularly continued rapid growth in the Life Essentials, Oral
Care and Fine Fragrances application areas.

Latin America was by far the strongest region, realizing a 32 % sales
increase at local currency. Scent & Care posted double-digit growth
rates in all application areas. North America was the second
strongest region, generating a sales growth of 9 % at local currency.
Business with global customers was primarily responsible for driving
this growth. Sales in Asia/Pacific rose by 7 % at local currency
compared to the prior year period. This growth was mainly driven by
high demand in Household, Oral Care and Cosmetic Ingredients. Despite
positive impetus from Africa and Eastern Europe sales fell by 3 % at
local currency in the EAME region due to the European sovereign debt
crisis.

Scent & Care increased its EBITDA in the reporting period by 5 % to
EUR 124 million (9M 2011: EUR 117 million). Despite start-up costs
for the new menthol plant and high raw materials costs, the EBITDA
margin remained on a good level at 18.4 % (9M 2011: 19.2 %).

Flavor & Nutrition

Flavor & Nutrition grew its sales by 9 % in the first nine months to
EUR 649 million (9M 2011: EUR 597 million). At local currency, this
corresponded to a growth of 5 %. The division was able to boost its
sales in all regions.

The Asia/Pacific and North America regions were responsible for the
strongest growth in the division's sales (8 % each at local
currency). Beverages and savory applications, in particular,
generated pleasing growth in the Asia/Pacific region. In North
America, Flavor & Nutrition recorded growth in the upper single-digit
to double-digit percentage range in all application areas. In Latin
America, Flavor & Nutrition expanded its sales by 5 % at local
currency, with Brazil, Argentina and Chile showing the strongest
growth. Sales climbed by 4 % at local currency in EAME, driven
primarily by substantial double-digit growth rates in Russia. By
contrast, demand in Western European markets was noticeably weak due
to the sovereign debt crisis.

Flavor & Nutrition improved its EBITDA by 12 % in the first nine
months to EUR 141 million (9M 2011: EUR 125 million). At 21.7 %, the
EBITDA margin exceeded the prior year figure (9M 2011: 21.0 %).

Expectations for the Full Year Confirmed

In the third quarter, an economic slowdown emerged in many economic
regions which will continue in the fourth quarter. Despite this
current uncertainty, Symrise is confident to reach its targets for
the full year. The Group aims at a sales growth of between 3 % and 5
% at local currency and at an EBITDA margin of around 20 %. Symrise
has two strong divisions, a balanced customer base, an innovative and
diversified product portfolio and is geographically very well
diversified. This places the Group in a very good position to
continue its sustainable growth.

KEY FIGURES OF THE GROUP

EUR MILLION 9M 2011 9M 2012 CHANGE IN % CHANGE IN %
at local
currency

Sales 1,206.3 1,319.6 9.4 5.9
EBITDA 242.6 264.4 9 6
EBITDA margin in % 20.1 20.0
EBIT 182.1 200.2 10 6
EBIT margin in % 15.1 15.2
Net income for the period 117.4 125.9 7
Earnings per share in EUR 0.99 1.07 7
Operative cash flow 130.1 138.0

Scent & Care
Sales 609.7 670.6 10.0 6.5
EBITDA 117.3 123.5 5 3
EBITDA margin in % 19.2 18.4

Flavor?&? Nutrition
Sales 596.6 649.0 8.8 5.2
EBITDA 125.3 140.9 12 8
EBITDA margin in % 21.0 21.7

DEC. 31, 2011 SEP. 30, 2012

Balance sheet total EUR million 2,098.2 2,158.1
Equity ratio in % 43.5 45.2
Net debt (incl. pension provisions)/
EBITDA ratio 2.2 2.1
Employees (FTE 1) 5,434 5,621

1 FTE = Full Time Equivalent, not including apperentices and trainees

Press Contact:

Bernhard Kott
Phone. +49 (0)5531 90-1721
bernhard.kott@symrise.com

Investor Contact:

Tobias Erfurth
Phone. +49 (0)5531 90-1879
tobias.erfurth@symrise.com

About Symrise

Symrise is a global supplier of fragrances, flavorings, cosmetic
active ingredients and raw materials as well as functional
ingredients. Its clients include manufacturers of perfumes, cosmetics
and foods, the pharmaceutical industry and producers of nutritional
supplements.

Its sales of EUR1.584 billion in 2011 place Symrise among the top
four in the global flavors and fragrances market. Headquartered in
Holzminden, Germany, the Company is represented in over 35 countries
in Europe, Asia, the United States and Latin America.

Symrise works with its clients to develop new ideas and market-ready
concepts for products that form an indispensable part of everyday
life. In doing so, Symrise combines its insights into consumer trends
with cutting-edge technologies, focusing on innovative trend and
lifestyle products that have additional practical value for the
consumer. Symrise - always inspiring more…

www.symrise.com

Further inquiry note:
Symrise AG
Investor Relations
Tobias Erfurth
ir@symrise.com

end of announcement euro adhoc
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company: Symrise AG
Mühlenfeldstraße 1
D-37603 Holzminden
phone: +49 (0) 5531/90-0
FAX: +49 (0) 5531/90-1649
mail: ir@symrise.com
WWW: http://www.symrise.com
sector: Chemicals
ISIN: DE000SYM9999
indexes: MDAX
stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf,
Stuttgart, regulated dealing/prime standard: Frankfurt
language: English