Givaudan 3Q Sales Rose; Increases Prices to Offset Higher Input Costs
11 Octubre 2022 - 12:50AM
Noticias Dow Jones
By Pierre Bertrand
Givaudan SA on Tuesday reported a rise in its third-quarter
sales as it implements price increases to overcome higher input
costs.
Sales reached 1.81 billion Swiss francs ($1.81 billion) compared
to CHF1.69 billion for the prior-year period, the Swiss
flavor-and-fragrance company said.
Analysts had expected the company's third-quarter sales at
CHF1.83 billion, according to an average of company-collated
analyst forecasts.
Sales were largely driven by its fragrance and beauty unit,
where sales increased 7.1% to CHF843 million.
The company said that it was on track in implementing price
increases to compensate for higher in input costs so far this
year.
Givaudan maintained its mid-term goals including achieving
organic sales growth of 4%-5% on a like-for-like basis and free
cash flow of at least 12% on average over its five-year strategic
cycle ending in 2025.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
October 11, 2022 01:35 ET (05:35 GMT)
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