Givaudan’s Increasing Sales

Givaudan reports an increase of 6.1% in local currencies, and 8.8% in Swiss francs, compared to the previous year. The company recorded sales of CHF 3,231 million during the first nine months of 2012.

The company’s Fragrance Division sales showed an increase of 7.6 % in local currencies and 9.9% in Swiss francs. This increase was mainly as a result of the double digit performance in Consumer Products.

Flavour Division sales showed an increase of 4.8% in local currencies and 7.7% in Swiss francs over the same period in 2011. The increased sales were as a result of new wins in key segments and volume growth of the existing business.

Givaudan expects to improve its annual free cash flow to between 14% and 16% of sales by 2015. Mid-term, the overall objective is to grow organically between 4.5% and 5.5% per annum, assuming a market growth of 2-3%, and to continue on the path of market share gains.