Givaudan sees 4.5% like-for-like sales increase
Givaudan has reported six month sales up 4.5%on a like-for-like basis to CHF 2,191 million, although…Givaudan has reported six month sales up 4.5%on a like-for-like basis to CHF 2,191 million, although sales as reported in Swiss francs declined 1.5%.Flavour Division sales were CHF 1,157 million, an increase of 4.3% on a like-for-like basis and a decline of 1.8% in Swiss francs.
Sales growth in flavours was driven by the developing markets of Asia Pacific, Africa, Middle East and Latin America, driven mainly by new wins and existing business growth. The mature markets of North America and Western Europe were flat as a result of unfavourable market conditions. Growth across all major segments was realised with strength in snacks, beverages, dairy and sweet goods. The evolution of health and wellness sales continued with solid gains as sweetness, salt and masking capabilities delivered improved taste solutions for customers.
