Fragrance and flavours player Givaudan has reported strong gains in both of its business divisions, with sales of fragrances, and specifically fragrance compounds, providing the driving force.
Privately-owned Swiss ingredients company Givaudan has revealed full year results that underline the impact of a strong Swiss franc on its business operations.
Givaudan announced a big dip in its sales for the third quarter, although strong local currency sales growth stresses the underlying strength of the business.
Fragrance sales for the Switzerland-based fragrance and flavours giant showed strong growth on the back of new wins and improved sales of existing products.
Givaudan achieved savings by integrating Quest International ahead
of plan, increasing its product portfolio and allowing it to
refocus on higher value-adding ingredients.
