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| Name | Symbol | Market | Type |
|---|---|---|---|
| Unilever NV | NYSE:UN | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 60.50 | 0 | 01:00:00 |
From May 2019 to May 2024
By John Revill
ZURICH--Givaudan S.A. (GIVN.VX) on Thursday posted a better-than-expected increase of nearly 20% in full-year earnings as lower prices for raw materials used to make perfumes and food flavorings helped the company reduce its expenses.
Givaudan, based near Geneva, reiterated its guidance of increasing sales by between 4.5% and 5.5% per year, growth it says will help it grab market share. The company supplies flavorings to some of the world's biggest food companies, including Nestle SA (NESN.VX), Unilever NV (UN) and Kraft Foods Group (KRFT). It also provides perfumes for Dior and Prada SpA.
Givaudan said net profit for the 12 months ended Dec. 31. rose to 490 million Swiss francs ($547 million) from 410 million Swiss francs a year earlier. Analysts had expected net profit of 478 million Swiss francs. Revenue rose 2.6% to 4.37 billion Swiss francs from 4.26 billion Swiss francs in 2012, lower than analyst forecasts of 4.39 billion Swiss francs.
Write to John Revill at john.revill@wsj.com
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