Our
Highlights
2019

02

Successful capital increase


For the partial financing of the acquisition of the US companies ADF/IDF, Symrise is carrying out a capital increase of 5,614,036 ­no-par value shares, which are rapidly subscribed by institutional investors at an issue price of € 71.25 per share. The gross proceeds amount to € 400 million; the new shares are already dividend-­entitled for 2018.

135,426,610

shares with a nominal value of € 1 each form the share capital of Symrise AG.

05

Financing at very attractive conditions


Symrise issues a bond of € 500 million with a coupon of 1.25 % and a term of 6.5 years. The issue was oversubscribed numerous times. Together with the advantageous interest rate, this highlights the high level of trust the investors have in the strategy and financial power of the Group.

06

Diversity makes us stronger


Symrise Brazil held a diversity program for employees in the second half of 2019 to increase awareness of diversity and inclusion in the corporate culture. It began in June with a survey about perception, which three quarters of the employees took part in. This was followed by numerous activities on various aspects of diversity, such as the situation of women with dark skin or the indigenous population. The goal is to develop a guideline and regulation for diversity.

07

Symrise growing in russia


Symrise expands its capacity and product range in Russia with the opening of a production line for liquid flavors. Russian customers will have access to regionally produced flavors for sweet and dairy pro­­ducts as well as beverages. The facility has a capacity of roughly 1,800 tons per year.

09

Actively protecting biodiversity


Symrise founds the coalition “One Planet Business for Biodiversity” (OP2B) together with 17 other international companies. The partners are committed to working together to develop environmentally friendly agricultural methods and changing how they create value in order to protect and foster biodiversity. The initiative is focused on developing regenerative farming methods to protect the soil, increasing diversity in the range of products among food companies to foster endangered crop varieties and creating strategies to protect threatened ecosystems. The coalition aims to achieve these three goals by 2030.

10

Sustainably generated electricity around the world


Symrise is joining the global initiative RE100. In doing so, we are committing to obtain all the electricity we need worldwide from renewable sources by 2025. RE100 is a global initiative of more than 190 large and reputable companies from different industries. Symrise operates production facilities, development centers, labs and offices in more than 40 countries. Our energy consumption in 2019 amounted to 5,590 terajoules. By becoming a member of RE100 and implementing the goals of this initiative, Symrise is making a significant contribution to climate protection. This is a further building block in our multidimensional sustainability strategy that we have followed for many years.

11

Among the world’s best CEOs


Every year, the US journal “Harvard Business Review” publishes a list ranking the best CEOs around the world based on analyses by the French business school INSEAD and two ESG research institutes. In 2019, this list included five German managers among the Top 100 – one of them being Dr. Heinz-Jürgen Bertram, CEO of Symrise, at number 35. In addition to financial key figures, the evaluation also increasingly takes into account indicators of the sustainability performance of companies. Symrise is strong in both areas.

12

Climate protection and development


Climate policy is closely tied to development policy because the people in developing and emerging markets suffer more under the effects of climate change. This is why the German Federal Ministry for Economic Cooperation and Development (BMZ) founded an alliance for development and the climate in the fall of 2018. The activities of the alliance partners – the majority of which are companies and associations in the private sector – are on a voluntary basis, go above and beyond existing requirements to reduce CO2 emissions and are carried out through participation in high-quality projects in emerging markets in line with the UN Sust­ainability Agenda 2030. Symrise joined this alliance because it believes in the connection between the goals for climate protection and development.

02

PCHI fountain award


At the prestigious Personal Care and Homecare Ingredients (PCHi) trade show in Guangzhou, China, in late February 2019, the focus was on natural cosmetic raw materials. Only a few months after its market launch, the cosmetic ingredient Hydrolite® 5 green of Symrise won the PCHi Fountain Award in the “Active Moisturizing & Hydrating” category. This multifunctional cosmetic ingredient is made from a renewable raw material – a byproduct of sugar production from sugar cane. It moisturizes the skin and boosts the effectiveness of other ingredients while additionally improving not only the look and con­sistency of the product itself but also increasing its protection.

05

Reinforcement in biotech


Symrise takes over the Italian biotech company Cutech in Padua. Cutech specializes in special preclinical screening services based on innovative proprietary ex vivo models for the skin, sebaceous glands and hair. In addition, Cutech offers a portfolio of patented natural ingredients such as microalgae, which excellently complements Symrise’s product lines. The acquisition expands Symrise’s know-how in the efficacy testing of cosmetic ingredients and opens up new opportunities for collaboration with scientific partners. In addition, it accelerates the market launch of new active ingredients.

06

Safety excellence award


Occupational safety is of the utmost importance to Symrise, so we were overjoyed in June 2019, when The Memic Group, specialized in workers’ compensation insurance, presented Symrise North America with the Safety Excellence Award for the excellent occupational health and safety at its 18 sites in the region. Symrise was given exceptional scores in all five categories of the competition: injury rate, property damage rate, management support, safety programs and company culture.

08

Room for discovery


A new lab for cosmetic ingredients goes into operation in Holzminden. Symrise intends to use the new lab to thoroughly research the interaction of ingredients in formulations and to identify new characteristics. It will also accelerate the market launch of new products. The lab will help in creating customer-specific products as well as developing new innovative materials for use in cosmetics.

09

First-ever application labs in nigeria


Symrise sets up its own application labs in Nigeria to deepen understanding of the preferences and needs of local people and – where possible – use local raw materials. In the future, Symrise experts will work in the market for the market on taste solutions for various application areas, especially for beverages, sweets and savory food items as well as ingredients for cosmetics and fragrances. Our goal: to combine customer wishes and market requirements locally and efficiently in product development.

10

Symrise invests in indonesia


With a population of more than 264 million, Indonesia is an important sales market in Southeast Asia. It is also a key supplier for a variety of natural raw materials such as patchouli and cloves. Symrise invests a total of roughly € 3 million in the expansion of the innovation center in the Indonesian capital of Jakarta, thus underlining the significance and great potential of this key market. Symrise develops creative solutions for fragrances, cosmetics, food and beverages in this modern facility.

€ 3 million

was invested by Symrise in the expansion of the ­innovation center in the Indonesian capital Jakarta.

11

Closer collaboration with key customers


The creation of an innovation lab directly at a key customer’s location – the Unilever Foods Innovation Center – marks Symrise taking a new path in product development. This goes hand-in-hand with close collaboration with the research institute Wageningen University & Research, which is also located at the Food Campus in the Dutch town of Wageningen. The transfer of knowledge with customers and science at a single, shared location will be a model for success. This integrated approach will enable the com­panies to optimally integrate and develop new products together in a creative and efficient manner, bolstered by the scientific expertise of renowned food scientists.

11

New creative center in egypt


Symrise expands its location in Cairo, which provides proximity to the customers and markets in Africa and the Middle East. New development and application labs for the categories Beverages, Sweet, Dairy, Culinary and Snacks are equipped with the state-of-the-art technology. The creative center makes it possible to de­velop custom products and applications as well as to adapt existing goods to the regional markets. This allows us to orient our business even more toward our customers.

02

Successful capital increase


For the partial financing of the acquisition of the US companies ADF/IDF, Symrise is carrying out a capital increase of 5,614,036 ­no-par value shares, which are rapidly subscribed by institutional investors at an issue price of € 71.25 per share. The gross proceeds amount to € 400 million; the new shares are already dividend-­entitled for 2018.

135,426,610

shares with a nominal value of € 1 each form the share capital of Symrise AG.

02

PCHI fountain award


At the prestigious Personal Care and Homecare Ingredients (PCHi) trade show in Guangzhou, China, in late February 2019, the focus was on natural cosmetic raw materials. Only a few months after its market launch, the cosmetic ingredient Hydrolite® 5 green of Symrise won the PCHi Fountain Award in the “Active Moisturizing & Hydrating” category. This multifunctional cosmetic ingredient is made from a renewable raw material – a byproduct of sugar production from sugar cane. It moisturizes the skin and boosts the effectiveness of other ingredients while additionally improving not only the look and con­sistency of the product itself but also increasing its protection.

05

Financing at very attractive conditions


Symrise issues a bond of € 500 million with a coupon of 1.25 % and a term of 6.5 years. The issue was oversubscribed numerous times. Together with the advantageous interest rate, this highlights the high level of trust the investors have in the strategy and financial power of the Group.

05

Reinforcement in biotech


Symrise takes over the Italian biotech company Cutech in Padua. Cutech specializes in special preclinical screening services based on innovative proprietary ex vivo models for the skin, sebaceous glands and hair. In addition, Cutech offers a portfolio of patented natural ingredients such as microalgae, which excellently complements Symrise’s product lines. The acquisition expands Symrise’s know-how in the efficacy testing of cosmetic ingredients and opens up new opportunities for collaboration with scientific partners. In addition, it accelerates the market launch of new active ingredients.

06

Diversity makes us stronger


Symrise Brazil held a diversity program for employees in the second half of 2019 to increase awareness of diversity and inclusion in the corporate culture. It began in June with a survey about perception, which three quarters of the employees took part in. This was followed by numerous activities on various aspects of diversity, such as the situation of women with dark skin or the indigenous population. The goal is to develop a guideline and regulation for diversity.

06

Safety excellence award


Occupational safety is of the utmost importance to Symrise, so we were overjoyed in June 2019, when The Memic Group, specialized in workers’ compensation insurance, presented Symrise North America with the Safety Excellence Award for the excellent occupational health and safety at its 18 sites in the region. Symrise was given exceptional scores in all five categories of the competition: injury rate, property damage rate, management support, safety programs and company culture.

07

symrise growing in russia


Symrise expands its capacity and product range in Russia with the opening of a production line for liquid flavors. Russian customers will have access to regionally produced flavors for sweet and dairy pro­­ducts as well as beverages. The facility has a capacity of roughly 1,800 tons per year.

08

Room for discovery


new lab for cosmetic ingredients goes into operation in Holzminden. Symrise intends to use the new lab to thoroughly research the interaction of ingredients in formulations and to identify new characteristics. It will also accelerate the market launch of new products. The lab will help in creating customer-specific products as well as developing new innovative materials for use in cosmetics.

09

Actively protecting biodiversity


Symrise founds the coalition “One Planet Business for Biodiversity” (OP2B) together with 17 other international companies. The partners are committed to working together to develop environmentally friendly agricultural methods and changing how they create value in order to protect and foster biodiversity. The initiative is focused on developing regenerative farming methods to protect the soil, increasing diversity in the range of products among food companies to foster endangered crop varieties and creating strategies to protect threatened ecosystems. The coalition aims to achieve these three goals by 2030.

09

First-ever application labs in nigeria


Symrise sets up its own application labs in Nigeria to deepen understanding of the preferences and needs of local people and – where possible – use local raw materials. In the future, Symrise experts will work in the market for the market on taste solutions for various application areas, especially for beverages, sweets and savory food items as well as ingredients for cosmetics and fragrances. Our goal: to combine customer wishes and market requirements locally and efficiently in product development.

10

Symrise invests in indonesia


With a population of more than 264 million, Indonesia is an important sales market in Southeast Asia. It is also a key supplier for a variety of natural raw materials such as patchouli and cloves. Symrise invests a total of roughly € 3 million in the expansion of the innovation center in the Indonesian capital of Jakarta, thus underlining the significance and great potential of this key market. Symrise develops creative solutions for fragrances, cosmetics, food and beverages in this modern facility.

€ 3 million

was invested by Symrise in the expansion of the ­innovation center in the Indonesian capital Jakarta.

10

Sustainably generated electricity around the world


Symrise is joining the global initiative RE100. In doing so, we are committing to obtain all the electricity we need worldwide from renewable sources by 2025. RE100 is a global initiative of more than 190 large and reputable companies from different industries. Symrise operates production facilities, development centers, labs and offices in more than 40 countries. Our energy consumption in 2019 amounted to 5,590 terajoules. By becoming a member of RE100 and implementing the goals of this initiative, Symrise is making a significant contribution to climate protection. This is a further building block in our multidimensional sustainability strategy that we have followed for many years.

11

Closer collaboration with key customers


The creation of an innovation lab directly at a key customer’s location – the Unilever Foods Innovation Center – marks Symrise taking a new path in product development. This goes hand-in-hand with close collaboration with the research institute Wageningen University & Research, which is also located at the Food Campus in the Dutch town of Wageningen. The transfer of knowledge with customers and science at a single, shared location will be a model for success. This integrated approach will enable the com­panies to optimally integrate and develop new products together in a creative and efficient manner, bolstered by the scientific expertise of renowned food scientists.

11

New creative center in egypt


Symrise expands its location in Cairo, which provides proximity to the customers and markets in Africa and the Middle East. New development and application labs for the categories Beverages, Sweet, Dairy, Culinary and Snacks are equipped with the state-of-the-art technology. The creative center makes it possible to de­velop custom products and applications as well as to adapt existing goods to the regional markets. This allows us to orient our business even more toward our customers.

11

Among the world’s best ceos


Every year, the US journal “Harvard Business Review” publishes a list ranking the best CEOs around the world based on analyses by the French business school INSEAD and two ESG research institutes. In 2019, this list included five German managers among the Top 100 – one of them being Dr. Heinz-Jürgen Bertram, CEO of Symrise, at number 35. In addition to financial key figures, the evaluation also increasingly takes into account indicators of the sustainability performance of companies. Symrise is strong in both areas.

12

Climate protection and development


Climate policy is closely tied to development policy because the people in developing and emerging markets suffer more under the effects of climate change. This is why the German Federal Ministry for Economic Cooperation and Development (BMZ) founded an alliance for development and the climate in the fall of 2018. The activities of the alliance partners – the majority of which are companies and associations in the private sector – are on a voluntary basis, go above and beyond existing requirements to reduce CO2 emissions and are carried out through participation in high-quality projects in emerging markets in line with the UN Sust­ainability Agenda 2030. Symrise joined this alliance because it believes in the connection between the goals for climate protection and development.