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Givaudan Posts 2007 Results
Posted: February 22, 2008In 2007, Givaudan’s total sales increased to CHF 4,132 million from CHF 2,909 million in the previous year. This resulted in a growth of 42.2% in local currencies and 42.0% in Swiss francs. These sales include the acquisition of Quest International as of 2 March 2007. On a pro forma basis (which reflects the combined activity of Givaudan and Quest International and assumes that the acquisition had taken place on January 1, 2006) and excluding flavor portfolio streamlining, sales increased by 4% in local currencies and Swiss francs
The company cites the performance of the consumer products business unit in all regions and the strong sales growth of speciality ingredients, noting, however, that fine fragrance sales declined slightly against strong comparables in 2006.
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