Frankfurt, Dec. 19 - Symrise, a German supplier of flavours and fragrances to the food and perfume industries, plans to hand out 35 percent or more of earnings as a dividend this year, at the upper end of its envisaged range.
"We can pay dividends and make several smaller acquisitions," Chief Financial Officer Dominique Yates said on Tuesday evening in remarks embargoed for Wednesday, adding that he was aiming for a sustainable dividend.
The company before had promised to pay out between 30 percent and 35 percent.
Symrise, the world's fourth-largest supplier of flavours and fragrances, is discussing taking over an emerging markets company with 25 million euros in sales, Chief Executive Officer Gerold Linzbach said.
The company aims to increase earnings before interest, taxes, depreciation and amortization by 10 percent this year and next, Linzbach said.