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Givaudan Q1 2019, By the Numbers

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Givaudan has released its Q1 2019 financial results.

The company reported net sales of CHF 1, 525 million, up 6.3% over the previous year on a like-for-like basis.

Fragrance: Sweet Smells of Success

8.7%—Increase in sales, which were reported at CHF 677 million

CHF 22 million—Contribution of Expressions Parfumées

2018—Year the company acquired Naturex, which contributed CHF 3 million during Q2 2019

8.4%—Increase in total sales of fragrance compounds (fine fragrances and consumer products combined)

7.9%—Sales increase for consumer products, which achieved growth across all customer groups and regions

3—Regions posting double-digit growth (EAME, Latin America and North America); Asia posted “solid growth”

10.2%--Increase in sales of fragrance ingredients and active beauty, driven by price increases and an evolution in the product mix; Active Beauty delivered positive performance in all regions

 

Flavor of the Month(s)

CHF 848 million—Division sales, a growth of 4.3%

2—Acquired companies—Centroflora Nutra and Naturex—cited for their contributions: CHF 4 million and CHF 11 million, respectively

4—Segments highlighted for positive contributions: beverages, snacks, savory and sweet goods

3.4%—Like-for-like growth of sales in Asia-Pacific, with Indonesia, Malaysia, the Philippines and Vietnam all delivering double-digit growth, led by beverages and savory

5—Countries with “excellent business momentum” in EAMEA: Russia, Poland, Egypt, Maghreb and South Africa, offsetting the “challenging” conditions the company faced in Turkey, the Middle East and Nigeria

3—Segments driving the 1.3% increase in sales in North America: beverages, snacks and sweet goods

23.7%—Increase in sales in Latin America, led by double-digit growth in Brazil, Mexico, Colombia and Argentina across all segments