Givaudan reported 2005 sales of €1,782 million. According to the company, the results were impacted by the initiative to eliminate lower value-added ingredients in fragrances and flavors. The gross profit margin increased from 47.7% to 48.9%. Operating profit increased by 7% to €329 million, while net profit rose 21%.
The fragrance division reported sales of €725 million. This performance was driven by the core business, fragrance compounds and specialty ingredients. The operating profit decreased to €103 million from €111 million in 2004.