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Danisco (Copenhagen) has announced revenue for the full-year 2006/2007 (May 1, 2006–April 30, 2007) of DKK 20.36 billion, a 3% decrease from the year before. Operating profit for the year rose 47.6% to reach DKK 2.1 billion. The Flavours division represented 11% of revenue in Ingredients and generated 2% organic growth in 2006/2007. Growth was broadly based geographically; all regions except North America contributed positive growth.
In May 2007, Danisco entered into an agreement on the divestment of its Flavours division to Swiss-based Firmenich for DKK 3.36 billion. The transaction is expected to be concluded during the summer of 2007. Danisco and Firmenich also entered into a strategic partnership, providing Danisco with access to Firmenich’s product offering to the food industry.