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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 |
From Jun 2019 to Jun 2024
By Pietro Lombardi
Givaudan SA is increasing its dividend after posting a slight growth in profit for last year and achieving its targets.
The Swiss flavor-and-fragrance company said Friday that net profit for last year was 743 million Swiss francs ($836.2 million) compared with CHF702 million a year earlier.
Sales also rose to CHF6.32 billion from CHF6.20 billion.
Givaudan is raising dividends by 3.2% to CHF64 a share.
The company has achieved the targets it had set in its 2016-20 strategy, it said.
Looking ahead, it targets organic sales growth of 4%-5% on a like-for-like basis and free cash flow of at least 12% through 2025, both goals measured as an average over the five-year period.
Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10
(END) Dow Jones Newswires
January 29, 2021 02:36 ET (07:36 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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