.png)
Givaudan posts 7.4% sales growth in Q1 and announces upcoming price hikes
Givaudan, the Swiss fragrance and flavor maker, posted higher Q1 sales on Thursday, March 10, fueled by fine fragrances, and plans to increase prices to offset higher costs such as customs duties. The group, which designs fragrances for major global perfume brands, says it is “highly likely to exceed the upper end” of its 2021-2025 growth target. For the first quarter, Givaudan reported sales of CHF 1.97 billion (EUR 2.1 billion), up 8.5% compared to the same period a year earlier.... - Industry buzz
Givaudan, the Swiss fragrance and flavor maker, posted higher Q1 sales on Thursday, March 10, fueled by fine fragrances, and plans to increase prices to offset higher costs such as customs duties.
The group, which designs fragrances for major global perfume brands, says it is “highly likely to exceed the upper end” of its 2021-2025 growth target.
For the first quarter, Givaudan reported sales of CHF 1.97 billion (EUR 2.1 billion), up 8.5% compared to the same period a year earlier....
-
Industry buzz
