FDBusiness.com

Givaudan sales growth slips on lower perfume demand

 Breaking News
  • UK Supermarkets are Struggling to Grow The latest grocery market share figures, published by Kantar, show year-on-year supermarket sales were flat during the 12 weeks to 11 August 2019 as the tough comparisons with 2018’s strong summer continue. The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price [...]...
  • Tickets Still Available For 2019 Irish Food & Drink Business Awards Some tickets are still available for the 2019 Irish Food & Drink Business Awards presentation ceremony and gala dinner to be held at the Citywest Hotel in Dublin on the evening of Thursday, 5 September 2019. The winners of the 2019 Awards will be named at the event. The prestigious awards programme, which was first introduced [...]...
  • Nestlé UK Launches New On-trend Flavours Nestlé has introduced two new on-trend flavours to its much-loved Munchies brand in the UK and Ireland. Available in 101g sharing bags, new Munchies Chocolate Fudge Brownie and Munchies Cookie Dough are the first new Munchies products since 1996. The new flavours were created at Nestlé’s confectionery sites in York and Fawdon, Newcastle. Munchies Brand Manager [...]...
  • Dedicated Industry Forums Take on Packaging’s Hottest Topics Experts from major brands, such as Coca-Cola, Ella’s Kitchen and REN Clean Skincare, will take to the stage as part of the dedicated industry forums for the beauty, food and drink sectors at Packaging Innovations and Luxury Packaging London 2019. The show, which returns to Olympia on 11 & 12 September, will tackle the key subjects [...]...
  • Greene King Being Sold For £2.7 Billion CK Asset, which is one of the largest property developers in Hong Kong and an international investment group, has made a recommended £2.7 billion cash offer for Greene King, the UK’s leading integrated brewer and pub retailer operating over 2,700 pubs, restaurants and hotels across England, Wales and Scotland. Including debt, the enterprise value of [...]...

Givaudan sales growth slips on lower perfume demand

April 15
11:57 2013

Swiss flavour and fragrance giant Givaudan has reported a 2.7% increase in sales in the first quarter of 2013, aided by strong gains in snacks and drinks – but the company still missed analyst estimates, on poor fine fragrance sales.

The company reported Q1 sales of CHF1.09bn (about €894m), while the average estimate of analysts surveyed by Bloomberg was CHF1.12bn. However, Givaudan reiterated its sales growth forecast of 4.5% to 5.5% for the year.

Sales in the Flavours division were C HF 571.8m (about €470m), a 3.7% increase on the previous quarter on a like-for-like basis, and a 1.9% increase in Swiss francs.

The company said sales grew in developing markets, including in Africa, China, India, Indonesia and Eastern Europe – and sales were up in mature markets in Western Europe and North America too. However, gains in mature markets were offset by declines in Australia, Japan and Korea, the company said.

“Growth by segments can be attributed to double digit gains in Snacks and strong performance in Beverages and Dairy,” it said.

Meanwhile, sales in the company’s fine fragrance division fell 5.5%, with the biggest declines in Europe and North America.

The fragrances division was aided by consumer goods sales, meaning an overall increase in the Fragrance division of 3.6% to C HF517.1m (€425m).

About Author

colin

colin

Related Articles

Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2019Packaging Innovations & Luxury Packaging London 2019
  • October 1, 2019PPMA Total Show
  • October 17, 2019Future Food-Tech
  • November 18, 2019Plastics Caps and Closures Conference 2019
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements