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Givaudan's Earnings Jump on Higher Demand
3:34 AM MDT | August 5, 2010 | Kerri Walsh
Givaudan's first-half sales and profits rose on improved demand compared to the year-ago period. Net income soared 108%, to SF200 million ($191 million), on sales up 11%, to SF2.2 billion. “Givaudan is capitalising on its expanded leadership position," following its acquisition of Quest in 2007 says CEO Gilles Andrier. This translates into numerous new wins and strong sales growth across all geographies and customers, as well as into significant profitability improvements. We are on track with our targets." Givaudan says it is...
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