Page 40 - PET worldwide issue 04/2022

Suppliers

Symrise sales surge

The operations of Symrise, a tion and amortisation rose by
listed supplier of fragrances and 15.7 per cent to 486 mio euros
Digestive problems in flavourings for the pet products compared with the same period
dogs and horses industry among others, have per- in the previous year.
formed outstandingly in the first At 229 mio euros, the consoli-
Pet owners are displaying grow- ample, turmeric (curcuma), frank- six months of this year. The com- dated profit for the first half of the
ing interest in traditional the- incense, liquorice root, yarrow pany has seen sales and results year surpassed that of the pre-
rapy approaches such as phy- and marshmallow root are five surge, with organic sales growth vious year at 196 mio euros by
totherapy, according to the ma- plants that have proved effec- at 10.2 per cent. Calculated in 16.6 per cent. Symrise has ac-
nufacturer Kräuter Mix. To treat tive as medicinal herbs. the reporting currency, inclusive cordingly upgraded its outlook
digestive problems in dogs and Veterinarian Katja Görts will of portfolio and currency effects, for the year as a whole, aim-
horses with phytotherapy, for ex- talk about the five plants in a sales increased by as much as ing for organic sales growth of
free online workshop, describing 18.5 per cent to 2.26 bn euros well over seven per cent and an
their mode of action, the availa- (same period in the previous EBITDA margin of around 21 per
ble scientific data and applica- year: 1.908 bn euros). Earnings cent.
tion areas. The one-hour work- before interest, taxes, deprecia-
shop video and accompanying
documents will be available to
participants from 25 October to
8 November. Applications can be
submitted up to 17 October.
Veterinarian Katja Görts will be the www.kraeuter-mix.de/en/vet22
speaker at an online workshop on
digestive problems in dogs and
horses.

My Family opens at the airport
Symrise is based in Germany and operates over 100 sites worldwide.
The Italian manufacturer My Fa- airport. My Family’s entire pro-
mily has opened its first flagship duct portfolio, ranging from eye-
store in the Orio al Serio interna- catching, fun ID tag collections Downturn in sales at
tional airport in Bergamo. Ac- to collars, leashes and harnes- Central Garden & Pet
cording to the company, this is ses, are on sale in the store.
the first pet store to open in an Central Garden & Pet has an- Net sales in the garden segment
nounced net sales of 1 015 mio were down by four per cent to
dollars for the third quarter of 511 mio dollars (previous year:
the current year. This indicates 529 mio dollars), while net sa-
a decline in net sales of two per les in the pet segment were put
cent compared with 1 037 mio at 505 mio dollars (previous
dollars a year ago. The company year: 508 mio dollars). Opera-
attributes this decline primarily ting profit in the pet segment fell
to weakness in the garden seg- by 12 per cent to 63 mio dollars.
ment. Organic net sales also fell At the end of the quarter, the
compared with the same quarter company’s cash reserves were
in the previous year by five per 196 mio dollars (previous year:
My Family has opened its first flagship store in the international airport at
Bergamo. cent. 517 mio dollars).

40 PET worldwide 4|2022

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