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Flat growth for Givaudan

Swiss flavours and fragrances company, Givaudan, spun off from Roche in June, said on Wednesday that sales rose by seven per cent in the first nine months of the year to SFr1.8 billion.

In local currencies sales were flat over the period, but results were in line with market expectations.

"Barring unforeseen events, Givaudan expects a good net result for the full year," the company said in a statement. It gave no profit figures for the period.

The company said its strongest growth for the flavours and fragrances divisions had been in the Asia-Pacific region and Europe.

Fragrance sales rose by four per cent in Swiss francs but dipped by one per cent in local currencies to SFr856 million. Flavours turnover rose by 10 per cent in francs and one per cent in local currencies to SFr933 million.

Givaudan is the world leader in the production of flavours, and number two in fragrances, behind US-based International Flavours and Fragrances.

"In a consolidating industry, Givaudan continues to actively pursue its strategy to become the undisputed leader in terms of growth, profitability and innovation," the company said.

swissinfo with agencies

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