Fragrance producer Givaudan reports strong sales in Q1

08 Apr '06

4 min read

In the first quarter 2006, Givaudan recorded sales of CHF 754.1 million, resulting in a growth of 6.2 percent in local currencies and 12.8 percent in Swiss francs. Givaudan again clearly outgrew the market. 2005 comparables and the strong US dollar have partially contributed to this solid performance.

Fragrance Division
The Fragrance division recorded first quarter sales of CHF 313.6 million which represents a growth of 8.6 percent in local currencies and 14.8 percent in CHF. Growth in the core business, Fine Fragrances, Consumer Products and Speciality Ingredients, was in the high single-digits. Fine Fragrances showed double-digit growth, in Europe and in North America. Consumer Products showed growth in the high single-digits, whilst Fragrance Ingredients declined due to the strategy to further exit commodities. Specialty ingredients continued to grow at a double-digit rate.

Fine Fragrances had a good start into 2006, with sales in local currencies clearly above prior year. Both North America and Europe reported double-digit growth driven by several new launches and steady sales on existing business. Latin America showed relatively low sales growth, against the strong performance in 2005.

Consumer Products continued to show strong growth in all regions. Growth in North America came from regional as well as international customers. Sales in Asia Pacific increased across all customer groups with the strongest country performance being in Indiaand Indonesia. Europe, Africa and Middle East (EAME) showed good growth with local customers, particularly in North Africa and the Middle East. Sales in Latin America were mainly driven by Mexico and Argentina. The strongest segment growth came from household and air care across all regions, followed by fabric care and personal wash.

More Givaudan News... More Textiles News - Switzerland...