Strong growth in emerging markets was a major driver of increased sales in the first nine months of 2012, according to Switzerland-based flavour and fragrance firm Givaudan.
Flavours and fragance house Givaudan, while posting third quarter results, said its decision to increase its prices will soften the impact of higher raw material input costs for products such as citrus and orange oil in 2011 and fully cover them in 2012.
Givaudan’s has reported fair growth in Q1 in local currencies but a decline in Swiss Francs, but the second half of the year promises greater protection against raw material cost rises as a series of price increases will come into effect in Q2.
Flavour giant Givaudan is using new sensory validation techniques to measure how salt impacts on aspects of taste, and is using this as the basis for new ingredients.
There is further evidence that the market for chocolate is not as recession proof as traditionally thought as Barry Callebaut sales in Europe saw a marked drop over Q1.
Givaudan has reported a good first half to 2008 despite the economic environment, seeing above-market growth and hassle-free integration of its recent Quest acquisition.
Givaudan has reported strong sales for the first quarter ending
March 31 with results significantly boosted by the continuing
integration of Quest International.
Givaudan's full year results for 2006 indicate that the flavour and
fragrance giant is profiting from the streamlining of its commodity
ingredient operations.
Givaudan claims to have continued its good sales growth momentum
despite strong comparables in the third quarter and the ongoing
streamlining of commodity ingredients.
Swiss flavour giant Givaudan has reported growth in the first of
2006, despite the ongoing streamlining of commodity ingredients in
both flavour and fragrance divisions.
The announcement that Mauricio Graber will take over as head of
Givaudan's flavours division comes after the firm reported modest
flavour results for 2005.
Contributing the biggest revenue stream to Givaudan, the flavours
unit posted sales of CHF 1.6 billion (€1 billion) sales in 2004,
representing stagnant growth on a like-for-like basis in Swiss
francs.
Despite the negative impact of a strong Swiss franc Swiss food
group Nestlé this week reported a net profit increase of 15.9 per
cent to CHF 6 681 million (€4 524m) from the previous year, setting
a new net margin record of 7.9 per...
