Givaudan’s sales smelling of roses
The flavours and fragrances group, Givaudan, on Tuesday reported a sales increase of five per cent for the first quarter of the current year to SFr622.9 million ($367.3 million).
Fragrance sales increased 4.5 per cent to SFr298.5 million while flavours were up 5.5 per cent to SFr324.4 million.
Givaudan said sales of fragrance ingredients more than compensated for a decline in the market for pharmaceutical raw materials and Ultraviolet sunscreen filters.
Flavours sales in the Asia-Pacific region were particularly strong due to incoming orders from the beverage, savoury and dairy sectors. North American sales have rebounded slightly after a difficult 2000, while European growth was driven by demand from the domestic market, central Europe and Britain.
Givaudan was spun off from Roche last year.
swissinfo with agencies
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.