logo
  

Symrise Sees Stable Demand For 2021

Symrise AG (SYIEY.PK,SYIEF.PK) said it expects stable demand for 2021 and it wants to continue its previous growth dynamics. The Executive Board and the Supervisory Board have proposed a dividend increase to 97 euro cents per share for today's vote.

At the Annual General Meeting, Heinz-Jürgen Bertram, Chief Executive Officer of the company, said this year, the company aims to again grow significantly faster than the relevant market for flavors and fragrances, which is expected to grow by around 3% to 4%.

The company targets organic growth of 5% to 7%.

Bertram said the company remains firmly committed to its medium-term goals that extend to the year 2025. The company wants to grow significantly faster than the relevant market. It targets average annual growth of 5% to 7%.

The company targets an EBITDA margin of 20 to 23 %.

The company's dividend payout is to remain unchanged at between 30% and 50% of net income.

The company has defined its goal as achieving a 63% reduction in CO2 emissions by 2025. By 2030, it wants to not only be climate neutral but indeed climate positive.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines canceled hundreds of flights this weekend and plans to cut more through at least mid-July due to bad weather and staffing shortages, multiple reports said. The shortage of flights come as demand is increasing heavily in the United States with reducing coronavirus cases benefited mainly by increased vaccination. Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions.
RELATED NEWS
Follow RTT