Givaudan gains momentum as it posts positive results for first nine months of 2010


Both the flavour and fragrance divisions drive sales for the Swiss company

Flavours and fragrance giant Givaudan has posted a 9.8% increase in sales in local currencies, a rise of 8.5% in Swiss francs, for the first nine months of 2010 recording total sales of CFH3.283m.

The fragrance division alone recorded sales of CHF1.539m, which represented a growth of 12% in local currency terms and 10.9% in Swiss francs. Within the fragrance division fine fragrance continued to deliver strong growth for Givaudan, with year-to-date sales up by a staggering 20.7% in local currencies.

Europe and North America remained the most productive markets for Givaudan when it came to fine fragrances, thanks to new product launches and consumers returning to their usual spending patterns for the first time in a while.

And in the first nine months of 2010, the company’s flavours division also saw positive results, up by 7.9% in local currency terms and 6.5% in Swiss francs, to total CHF1.744m.

For the fourth quarter of 2010, Givaudan expects a “continued good performance” and says it is confident of achieving its 2010 full year objectives with sales growth above 5% in local currency terms.

Features Companies