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Sweet smell of success lingers at Givaudan

Givaudan has continued to improve operating and net margins Keystone

The Givaudan flavours and fragrances group, one of the oldest and largest in the world, has reported a first half net profit of SFr149 million ($88 million), up 16 per cent on the comparable period last year.

The Geneva-based group said in a statement on Tuesday that sales were up by 4.7 per cent in Swiss francs to SFr1.259 billion.

Key growth drivers were the overall good performance of the Flavour Division and the Fragrance Consumer Products segment, the company said.

Givaudan said that barring unforeseen events, it expected good results for the full year 2001.

The statement said that major investments in Givaudan’s operating base and IT-based business systems over the past years had led to sustainable supply chain improvements.

On a regional basis, Asia Pacific outperformed all other regions, followed by Latin America. North America and Europe also showed positive growth, the statement added.

Givaudan had sales of more than SFr2.4 billion in 2000.

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SWI - a branch of Swiss Broadcasting Corporation SRG SSR

SWI - a branch of Swiss Broadcasting Corporation SRG SSR