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Givaudan profits up

6:22 AM MDT | August 29, 2014

Givaudan (Geneva), a leading flavors and fragrances company, says that, in the first six months of 2014, its Ebitda rose 10.5%, to 562 million Swiss francs ($613 million), on 4.5% higher sales of SF2.2 billion. The Ebitda margin advanced to 25.6% from 22.9% in the year-earlier period. Net income was 12.6% higher, at SF305 million. Second-quarter figures have not been disclosed. Givaudan, in its medium-term guidance, says it expects to grow organically by 4.5–5.5%/year, assuming the market grows...

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