Connect with us

Hi, what are you looking for?

Stock

Givaudan exceeds 2024 sales estimates with strong growth across markets

(Reuters) -Swiss fragrance and flavour maker Givaudan reported annual sales slightly above analysts’ expectations on Friday, citing continued strong sales growth across its markets, and said it would most likely exceed the upper end of its growth target for 2021-2025.

Its full-year revenue rose 12.3% on a like-for-like basis to 7.41 billion Swiss francs ($8.19 billion), compared with analysts’ average forecast of 7.39 billion in a poll compiled by the company.

Strong sales growth has boosted Givaudan’s profitability last year, with an exceptionally strong fragrance business leading the way.

“We are very pleased with our financial performance in 2024, driven by a high level of volume related sales growth across all markets, segments and customer groups,” CEO Gilles Andrier said in a statement.

The group, which makes fragrances for perfumes and flavours for food and drinks, said that based on average like-for-like sales growth of 7.2% in the last four years, it expected to exceed the upper end of its 4-5% target for the five-year guidance period.

Givaudan proposed a dividend of 70 francs per share for 2024, 2.9% higher than what was paid last year.

($1 = 0.9051 Swiss francs)

This post appeared first on investing.com

    You May Also Like

    Stock

    Investing.com — Universal Music Group (AS:UMG) and Spotify (NYSE:SPOT) have announced a new multi-year deal for recorded music and publishing, the companies announced in...

    Stock

    Investing.com — A group of Indian digital news publishers, including those owned by billionaires Gautam Adani and Mukesh Ambani, have initiated a legal challenge...

    Stock

    By Rocky Swift TOKYO (Reuters) -Japan’s Fuji Media said on Monday its chairman and the head of its TV unit would step down immediately...

    Stock

    (Reuters) – Property developer China Vanke said on Monday its chairman Yu Liang and CEO Zhu Jiusheng had resigned, amid growing concerns over the...



    Disclaimer: Techreportdiversity.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 Techreportdiversity.com