Swiss Givaudan Q3 sales rise 14.4% to Swfr1.11bn

09 October 2012 07:15  [Source: ICIS news]

SINGAPORE (ICIS)--Givaudan posted a 14.4% year-on-year increase in sales for the September 2012 quarter to Swiss francs (Swfr) 1.11bn (€917m) backed by double-digit growths at both its fragrance and flavour segments, the Switzerland-based firm said on Tuesday.

Its fragrance division showed a 15.2% year-on-year increase in sales for July-September this year, while sales at its flavour division grew by 13.6%, the company said in a statement.

For January to September 2012, the company’s sales totalled Swfr3.23bn, up by 8.8% year on year, Givaudan said.

“Mid-term, the overall objective is to grow organically between 4.5% and 5.5% per annum, assuming a market growth of 2-3%, and to continue on the path of market share gains,” the company said.

($1 = €0.77 / €1 = Swfr1.21)

By: Pearl Bantillo
+65 6780 4359

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