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Givaudan financials

This article was originally published in The Rose Sheet

Executive Summary

Fragrance division sales for the first nine months fell 1% to $579 mil. ($1=1.48 CHF) due to struggling fine fragrances, ingredients units, which offset "strong sales growth momentum" by consumer products, Geneva-based flavor and fragrance supplier reports Oct. 10. Firm's fine fragrance business was hurt by general market slowdown, with shortfall "spread proportionally across all clients and brands." Fragrance ingredients "continued to suffer from sustained price pressure on commodities, a further decrease of cosmetic ingredient sales and lower levels of sales to fine fragrance producers," firm says. Including full-year sales from recently acquired Nestle flavor business, pro forma consolidated revenues increased a slight .8% to $1.46 bil...

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