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Markets :: Specialty Chemicals :: Flavors and fragrances
Givaudan reports improved full-year results, confirms midterm objectives
12:07 PM MST | January 30, 2014 | Natasha Alperowicz
Flavors and fragrances group Givaudan (Geneva) today reported its full-year net income rising 19.5%, to 490 million Swiss francs ($545.4 million), on sales 5.5%, higher at SF4.4 billion. Ebitda rose 9.1%, to SF970 million, and Ebitda margin improved from 20.9% in 2012 to 22.2% last year. Givaudan’s fragrance division reports sales of SF2.1 billion, 5.1% up on 2012, and the flavor division’s sales were close to 6.0%, higher at SF2.29 billion. In 2013 Givaudan continued its investments to support growth in developing markets, where sales rose...
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