Givaudan Reports Increase in First-Quarter Sales

Givaudan (Geneva) says sales in the first quarter of 2012 went up 4.7%, to SF1.06 billion ($1.16 billion) compared with SF1.01 billion in the same quarter of the previous year. The fragrance division of the company recorded sales of SF499.1 million in first-quarter 2012, an increase of 6.8% compared with SF467.4 million in the corresponding quarter of 2011. Growth in the fragrance division was driven by increases in volumes and prices, the company says. Givaudan's flavors division recorded a 3% increase in sales in first-quarter 2011, to SF561.2 million...

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