Givaudan Releases 2019 Nine Month Financials

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Givaudan has released its financials for the first nine months of 2019, reporting sales of CHF 4,664 million (up 6.4%, like-for-like, over the previous year).

The fragrance division saw sales increase 8.5% to CHF 2,088 million; sales for the flavor division, at CHF 2,576 million, increased 4.6%.

Related: [update] Givaudan to Acquire drom Fragrances

“Givaudan continued the year with good business momentum and with the project pipeline and win rates sustained at a high level,” the company said in a press release. “This excellent growth was achieved across all product segments and geographies, with our key strategic focus areas of naturals, health and well-being, active beauty, integrated solutions and local and regional customers delivering strong growth, complemented by the recent acquisitions.”