Givaudan sales and earnings
This article was originally published in The Rose Sheet
Executive Summary
Swiss fragrance firm booked $2.34 bil. in sales for FY 2006, it announces Feb. 20. Both fragrance and flavor divisions of the company achieved above market sales growth despite continued ingredients streamlining, which impacted annual sales by $26.6 mil. The fragrance division recorded sales of $984.8 mil., a rise of 8.2% from FY 2005, driven by double-digit growth in fine fragrances and strong performances from consumer products and specialty ingredients. Givaudan attributes expansion of its market position in FY 2006 to new sales and growth strategies; the firm acquired Quest International in November for $2.3 bil. (1"The Rose Sheet" Nov. 27, 2006, In Brief)...