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Givaudan's first-quarter revenue up almost 3%

6:26 AM MDT | April 16, 2013 | Francinia Protti-Alvarez

Givaudan reports sales of 1.09 billion Swiss francs ($1.67 billion) during the first quarter of 2013, an increase of 2.7% on the same quarter the year before, the company announced today. The flavor division, which represents over half of the sales, generated SF571.8 million, up 1.9% from the first quarter in 2012, and the fragrance division grew by 3.6% during the same period. "Givaudan started the year with a continued solid business momentum, with a full project pipeline, win rates sustained at a high level, and with growth rates in line with the...

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