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Givaudan Releases Half Year Results

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Givaudan

Givaudan's six month financial report presented strong growth in both fragrance and flavor divisions. The company's group sales showed an increase of 6.2% on a like-for-like basis and an increase of 6.9% in Swiss francs. The fragrance division showed an increase of 9.7% on a like-for-like basis and a 10.7% Swiss francs increase, while the flavor division increased by 3% and 3.5%.

A continued focus on internal cost is a main factor in the improvement and strong growth volume for the Swiss company. The company’s net income increased 7.6% in six months and had a net profit margin of 15.7%. Sales increased to 26.9% compaired to 26.3% in 2015.

'Active' Initiatives 

Along with implementing sustainable practices, Givaudan's 2020 company ambition is intended to responsibly grow and share success. This ideal revolves around three strategic pillars of “growing with our customers,” “delivering with excellence” and “partnering for shared success.”

Earlier this year, the company re-branded its cosmetic business as 'Active Beauty' to further its position in the industry and enhance its product portfolio. The company also partnered together with cosmetic active company, Amyris in late June in efforts to enhance R&D in active ingredients and sustainable product development.

Fine fragrance sales grew 11.1% on a like-for-like basis. The U.S. division recorded double digit growth while being led by new launches and continued strong performance of existing products. The higher sales in the U.S and Latin America aided in the offsetting of the lower sales in EAME and Asia where even the improving performance in the second quarter could not compensate for the slow start at the beginning of the year.

Consumer-Facing Goals

In May, the company opened its flavor facility in Pakistan to reach the halal-centric, Middle Eastern market. From 2013-2015, Givaudan's sales in the Middle East and Africa indicated a slight increase from USD $330 million to $349 million. The company's flavor division also expanded this year with the acquisition of ConAgra Foods' SpiceTec spice and flavor seasoning company and a partnership with Bibo Barmaid, a self-serve cocktail machine company to reach the "personalized product" market.

Givaudan's sales in the Middle East and Africa indicated a slight increase from USD 330 million to 349 million from 2013 to 2015. - See more at: http://www.perfumerflavorist.com/networking/news/company/Givaudan-Opens-Facility-in-Pakistan-379423161.html#sthash.W203pRqr.dpuf

The consumer products division had a sales growth of 10.2% on a like-for-like basis, growing by the double digits in the market and solidly increasing due to the contribution of product segments. Fabric care, home care, oral care and personal care are among the higher selling units that contributed to Givaudan’s growth.

A New Addition

Givaudan's sales in the Middle East and Africa indicated a slight increase from USD 330 million to 349 million from 2013 to 2015. - See more at: http://www.perfumerflavorist.com/networking/news/company/Givaudan-Opens-Facility-in-Pakistan-379423161.html#sthash.W203pRqr.dpuf

Givaudan also announced, effective August 1, that Adrien Gonckel will retire and open up a spot on the executive committee for Anne Tayac. She will become the chief information officer with the responsibility of designing, implementing and leading a global organization for business services and solutions.

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