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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.38 | -0.41% | 91.61 | 90.12 | 93.87 | 92.4229 | 91.61 | 92.1675 | 10,262 | 21:03:26 |
From May 2023 to May 2024
By Andrea Figueras
Givaudan reported a decline in sales for the third quarter in what it called a challenging environment in some of its markets and segments, and said it continues to implement price increases to offset higher input costs.
The Swiss flavor-and-fragrance company achieved sales of 1.7 billion Swiss francs ($1.88 billion) compared with CHF1.81 billion for the prior-year period, it said on Thursday.
The largest contributor to group sales during the quarter was the taste-and-wellbeing segment, with CHF891 million, although the figure was lower than in the previous year.
The company maintained its midterm targets, which are part of a five-year strategic cycle that ends in 2025, and aims to reach organic sales growth between 4% and 5% on a like-for-like basis and free cash flow of at least 12% on average.
Write to Andrea Figueras at andrea.figueras@wsj.com
(END) Dow Jones Newswires
October 12, 2023 01:36 ET (05:36 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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