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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 Pierre Bertrand
Givaudan SA on Tuesday reported a rise in its third-quarter sales as it implements price increases to overcome higher input costs.
Sales reached 1.81 billion Swiss francs ($1.81 billion) compared to CHF1.69 billion for the prior-year period, the Swiss flavor-and-fragrance company said.
Analysts had expected the company's third-quarter sales at CHF1.83 billion, according to an average of company-collated analyst forecasts.
Sales were largely driven by its fragrance and beauty unit, where sales increased 7.1% to CHF843 million.
The company said that it was on track in implementing price increases to compensate for higher in input costs so far this year.
Givaudan maintained its mid-term goals including achieving organic sales growth of 4%-5% on a like-for-like basis and free cash flow of at least 12% on average over its five-year strategic cycle ending in 2025.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 11, 2022 01:35 ET (05:35 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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