Givaudan Q1 2007 Results

Givaudan Q1 2007 Results

Contact Author
Close
Fill out my online form.

 

Givaudan (Geneva) has reported first quarter 2007 sales of CHF 890 million, an increase of 19.8% in local currencies over the same quarter 2006.

Fragrance: The fragrance division recorded first quarter sales of CHF 530.5 million, a growth of 8.8% in local currencies and 8.0% in Swiss francs. Fine fragrances showed single-digit growth. Sales in Europe and Latin America grew double digit, while sales in North America declined. Consumer products showed double-digit growth, with all segments delivering good growth. Fragrance ingredients recorded a strong first quarter, with specialty product sales growing at a double-digit rate.

Flavor: The flavor division recorded first quarter sales of CHF 594.4 million, an increase of 2.4% in local currencies and 0.7% in Swiss francs. All regions showed strong growth, except for North America which showed a flat development compared to last year’s results. Asia Pacific, Europe, Africa and Middle East reported high single-digit growth, while Latin America posted double-digit growth.

Related Content