Givaudan confirms mid-term targets, works to pass on higher prices

2022.07.21 07:38

FILE PHOTO: The logo of Swiss flavours and fragrances maker Givaudan is seen at its innovation center in Kemptthal, Switzerland January 10, 2020. REUTERS/Arnd Wiegmann

ZURICH (Reuters) – Givaudan confirmed its mid-term targets on Thursday after organic sales grew 6.2% in the first half of the year, helped by strong demand for flavours and improving sales of perfumes as airport travel recovers.

Net profit fell to 440 million Swiss francs ($453.51 million), Givaudan said in a statement, surpassing a 413 million mean estimate in a Refinitiv poll.

($1 = 0.9702 Swiss francs)

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