The Swiss flavours and fragrances group Givaudan has announced a profit increase of 79 per cent for 2009 of SFr199 million ($185.5 million).
This content was published on
1 minute
Givaudan, which is based near Geneva, said this was helped by returning consumer confidence. The result was broadly in line with analysts’ forecasts.
Group sales totalled SFr3.96 billion, with revenues of SFr1.8 billion in the fragrances division and SFr2.14 billion in its flavours business (-3.1 per cent and -3.9 per cent respectively compared with 2008).
“Givaudan’s overall performance in 2009, against the backdrop of a difficult business environment, is a very satisfactory achievement,” commented CEO Gilles Andrier.
“It is also a strong sign of our unique capability to understand and deliver innovation.”
The board is to recommend a share dividend of SFr20.60, which represents an increase of three per cent over 2008.
Givaudan, which makes oils for perfumes and ingredients for soaps, confectionery and soft drinks, said it was confident “to further outgrow the underlying market” in 2010.
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.
Read more
More
Givaudan makes profit but misses forecast
This content was published on
The Swiss company, based near Geneva, said on Tuesday the 19 per cent rise was underpinned by sales in both divisions, but admitted it had missed expectations. Full-year net profit had been seen at SFr157 million, according to a Reuters survey. Givaudan said it was confident of growing faster than the underlying market in 2009…
This content was published on
The expert is constantly on the track of a fragrance to become the new best seller in the highly competitive global perfume market. Wandel is a senior perfumer at the Geneva-based Givaudan, the world’s largest producer of flavours and fragrances. Speaking at a recent event at the company’s facility at Kempthal near Zurich, she explained…
This content was published on
Givaudan, the world’s largest maker of scents for fine fragrances and consumer products, said it expected to save SFr150 million from synergies resulting from the deal. The Swiss company said it had signed an agreement with the British-based Imperial Chemical Industries (ICI) to acquire its fragrances and flavour business, Quest International. “Quest will extend Givaudan’s…
This content was published on
The result was just below market expectations but the Swiss company, which is based near Geneva, said it was “well positioned” for another good result in 2007. Sales increased by 4.7 per cent in Swiss francs to SFr2.91billion, in line with forecasts of SFr2.9 billion. Analysts polled by Reuters had expected net income to increase…
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.