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Givaudan Reports Improved Results

7:23 AM MDT | August 7, 2012 | Sotirios Frantzanas

Givaudan says sales for the first half of 2012 increased 6%, to SF2.1 billion ($2.1 billion), compared with SF2 billion in first-half 2011. Net and operating profits also increased 67.5% and 27.7% in the first half of 2012, to SF201 million and SF295 million, respectively, the company says. Givaudan's Ebitda increased 12% in the first half of 2012, to SF428 million, but it was hampered by higher pension costs and the startup of a facility at Makó, Hungary. The company did not announce results for the second quarter of 2012.   Givaudan's fragrance...

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