Givaudan continues strong growth after nine months

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Givaudan continues strong growth after nine months

Thursday, 10.10.2019

The Flavors Division generated revenues of 2.58 billion francs, rising by no less than 17.4% in one year. (Keystone)

The Geneva group, world leader in flavors and perfumes, saw its revenues jump in one year by 14.5% to 4.66 billion francs. Both divisions posted double-digit growth.

On a like-for-like basis, at constant exchange rates and scope of consolidation, turnover rose between January and the end of September to 4.33 billion francs, an increase of 6.4%, indicated on Thursday. established in Vernier. Acquisitions contributed sales of $ 380 million, while currency effects weighed in at $ 50 million.

The Flavor Division generated revenues of 2.58 billion francs, rising by no less than 17.4% in the space of one year. Acquisitions contributed 305 million, while the impact of exchange rate changes cost 25 million.
The Fragrances division generated sales of 2.09 billion francs, 11.2% more than a year earlier. On a comparable basis, growth was 8.5% at $ 2.04 billion.

The performance was in line with analysts' expectations. Surveyed by the AWP agency, the experts had anticipated an average turnover of 4.66 billion francs. They were sales of 2.57 billion for the Flavors division and 2.06 billion for the Fragrances unit.

In terms of outlook, Givaudan confirms its medium-term objectives, with sales growth of 4% to 5% above market growth. The group targets a free cash flow representing between 12 and 17% of revenues. Maintaining current dividend practices is also planned. (Awp)



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