2 mins lecture

Givaudan’s results exceed expectations for the first half of 2021

[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text]

The recovery of the fragrance sector helped Givaudan’s net profit to develop positively for the first half of 2021.

 

Flavor and fragrance company Givaudan this morning confirmed its medium-term targets, driven by a strong recovery in the parts of the business so far affected by the global pandemic.

 

Givaudan has benefited from strong demand for flavors for beverages and food consumed at home during the various confinements. In addition, since the reopening of the shops, the perfumery and cosmetics businesses are recovering.

 

The Swiss manufacturer’s net profit increased by 16.3% to 481 million Swiss francs, or $524.36 million. It exceeded Refinitiv‘s average estimate of 457 million francs. Like-for-like sales, meanwhile, were up 7.9%.

 

The foodservice segment was still impacted by the COVID-19 pandemic, but experienced a strong recovery in the second quarter as restrictions on out-of-home food and beverage consumption began to be lifted in some markets,” Givaudan said in a statement.

 

The group’s flavors sales increased by 6.1%, and on the fragrance and beauty side, they also increased, and by 10.1%.

 

Read also > GIVAUDAN TAKES 25% STAKE IN B.KOLORMAKEUP & SKINCARE

 

Featured picture : © Givaudan[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]

The recovery of the fragrance sector helped Givaudan’s net profit to develop positively for the first half of 2021.

 

Flavor and fragrance company Givaudan this morning confirmed its medium-term targets, driven by a strong recovery in the parts of the business so far affected by the global pandemic.

 

Givaudan has benefited from strong demand for flavors for beverages and food consumed at home during the various confinements. In addition, since the reopening of the shops, the perfumery and cosmetics businesses are recovering.

 

 

[…][/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account? Log in.[/vc_cta][vc_column_text]Featured photo: © Givaudan[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]

The recovery of the fragrance sector helped Givaudan’s net profit to develop positively for the first half of 2021.

 

Flavor and fragrance company Givaudan this morning confirmed its medium-term targets, driven by a strong recovery in the parts of the business so far affected by the global pandemic.

 

Givaudan has benefited from strong demand for flavors for beverages and food consumed at home during the various confinements. In addition, since the reopening of the shops, the perfumery and cosmetics businesses are recovering.

 

[…][/vc_column_text][vc_cta h2=”This article is for subscribers only.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now!” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE!” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Ftest2023.luxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Unlimited access to all the articles and live a new reading experience, preview contents, exclusive newsletters o tym

Already have an account? Log in.[/vc_cta][vc_column_text]Featured photo: © Givaudan[/vc_column_text][/vc_column][/vc_row]

The editorial team

Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Article précédent

The International Contemporary Art Fair is back

Article suivant

Les résultats de Givaudan dépassent les attentes pour le premier semestre 2021

Dernier en date de