SWITZ: Givaudan publishes robust H1
Givaudan, the Switzerland-based flavours and fragrances group, today (5 August) posted a 28% jump in operating profit for the first half of 2008, boosted by last year's Quest International acquisition.
The company saw operating profit climb 27.9% to CHF238m (US$226m) as sales reached CHF2.1bn, a rise of 4.5%.
Givaudan said margins were helped by savings linked to the integration of Quest, which it bought last year.
Fragrance sales rose 5.7% to CHF962m, while flavours sales increased 3.4% to CHF1.1bn.
Sectors: Commodities & ingredients
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