We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Givaudan SA (PK) | USOTC:GVDNY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-2.28 | -2.35% | 94.71 | 92.96 | 96.32 | 94.91 | 94.37 | 94.37 | 13,724 | 21:14:33 |
By Ed Frankl
Givaudan SA said Tuesday that first-quarter sales rose as it implemented price increases to combat higher input costs.
The Swiss flavor-and-fragrance company booked sales of 1.78 billion Swiss francs ($1.91 billion) in the three-month period, a 4.6% rise on year on a like-for-like basis.
That compares with expectations of sales of CHF1.77 billion and LFL sales growth of 4.1%, according to analysts' consensus provided by the company.
The Geneva-based company said it has nevertheless been hit by a challenging environment, and is implementing price increases to fully compensate for the increases in input costs.
At its fragrance-and-beauty segment, LFL sales grew 2.7%, while its other division, tastes and wellbeing, recorded a 6.4% increase, it said.
Sales were driven by continued strong volume growth in its fine fragrances business and double-digit growth in active beauty, Givaudan said.
The sales performance was driven by Europe, where LFL sales increased 12.9%, and Latin America, where sales rose 14.4%.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
April 12, 2022 01:27 ET (05:27 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
1 Year Givaudan (PK) Chart |
1 Month Givaudan (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions