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Givaudan reports boosted nine-month sales following price hikes
Givaudan has released its nine-month financials report, outlining a 6.4 % rise in sales this year on a like-for-like basis. Within its Flavour Division, the Swiss flavour house highlighted increases in sales in its Asia Pacific, European, African Latin American and Middle Eastern markets, while noting a dip in North American sales. As part of the company’s 2020 strategy, Givaudan is seeking to further expand its business with targeted acquisitions.
In the first nine months of 2019, Givaudan recorded sales of CHF 4.7 bn, an increase of 6.4 % on a like-for-like basis and 14.5 % in CHF. Flavour Division sales were CHF 2.6 bn, an increase of 4.6 % on a like-for-like basis and an increase of 17.4 % in CHF. Fragrance Division sales were CHF 2.1 bn, an increase of 8.5 % on a like-for-like basis and an increase of 11.2 % in CHF.
As part of the company’s 2020 strategy, Givaudan is seeking to create value through targeted acquisitions, which complement its existing capabilities. Since 2014, Givaudan has completed thirteen acquisitions.