Givaudan's Net Income Falls on Integration Costs

Givaudan reported full-year 2007 net income fell 77%, to SF 94 million ($86 million) including SF 328 million of integration costs and amortization related to the acquisition of Quest International. Pro forma sales rose 4%, to SF 4.1 billion, and pro forma Ebitda increased about 9%, to SF 911 million. Improved product mix, selling price increases, and tight cost control offset higher raw material costs, Givaudan says. The fragrance division’s pro forma sales rose 4.2%, to SF 1.9 billion because of “excellent performance” from the consumer products business...

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