Symrise said first quarter 2025 sales in its Cosmetic Ingredients division were lower than during the same period a year earlier.
This was due to “very high comparables in sunscreen filters,” the German speciality chemicals maker said in a statement.
“The division remains strategically well positioned with a differentiated product offering — including micro protection, cosmetic actives, botanicals, and sunscreen filters — and is expected to return to superior, above market growth rates going forward,” it added.
Symrise’s Scent & Care segment — comprising its activities in fragrance applications, aroma chemicals and cosmetic ingredients — recorded overall sales growth of 1.7% in the first quarter.
Sales increased slightly to €518m ($590m), up on Q1 2024 revenue of €516m.
Overall, Symrise had a healthy start into the 2025 fiscal year, with organic growth of 4.2% in the first quarter.
Reported group sales rose 2% to €1.317 billion (Q1 2024: €1.292 billion) supported by the strength of its “diversified, innovation-led portfolio as well as higher volumes across both segments and sustained customer demand”.
Dr. Jean-Yves Parisot, CEO of Symrise AG, said: " We are capturing growth and enhancing margin quality through focused execution of our One Symrise strategy, continuous investments in innovation, and stronger alignment across our businesses.
“We remain confident in our outlook for the current year and in our ability to deliver profitable above-market growth through 2028. Symrise is well positioned to create sustainable, long-term value for our customers, partners and shareholders.”
