Givaudan 1Q Sales Rose Amid Growth Across Segments, Regions

   By Olivia Bugault

Givaudan SA said Tuesday that sales rose in its first quarter thanks to a good performance across most of its product segments and markets.

The Swiss flavor-and-fragrance company booked sales of 1.67 billion Swiss francs ($1.81 billion), a 7.7% increase on year on a like-for-like basis.

At its fragrance and beauty segment, like-for-like sales grew 9.9% to CHF788 million, while its other division, tastes and wellbeing, recorded sales at CHF886 million, a 5.8% like-for-like increased for the first three months of the year, it said.

"We have seen continued strong demand across the parts of our business which are less impacted by the Covid-19 pandemic and improving conditions in the parts of our portfolio which have been more affected," Givaudan Chief Executive Gilles Andrier said.

Write to Olivia Bugault at olivia.bugault@wsj.com

(END) Dow Jones Newswires

April 13, 2021 01:21 ET (05:21 GMT)

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