Givaudan’s Q1 sales beat expectations

(Reuters) – Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level.

Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, compared with analysts’ average forecast of 1.80 billion francs in a poll compiled by the company.

($1 = 0.8966 Swiss francs)