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
