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Givaudan Q1 Results

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Givaudan (Geneva) has reported first quarter 2006 sales of CHF 754.1 million, an increase of 6.2 percent in local currencies and 12.8 percent in Swiss francs.

Fragrance: The fragrance division recorded first quarter sales of CHF 313.6 million, an increase of 8.6 percent in local currencies and 14.8 percent in Swiss francs. Fine fragrances showed double-digit growth in Europe and North America. Consumer products showed growth in the high single-digits, while fragrance ingredients declined due to further discontinuation of commodities. Specialty ingredients continued to grow at a double-digit rate.

Flavor: The flavor division recorded first quarter sales of CHF 440.5 million, an increase of 4.5 percent in local currencies and 11.4 percent in Swiss francs. Latin America showed double-digit growth, while Europe, Africa, Middle East (EAME) and North America showed single-digit growth. The beverage and savory segments showed the highest growth.