GLOBAL: Ingredients firms IFF, Givaudan and Sensient book 2012 results
By Dean Best | 8 February 2013
Sales and profits increased in 2012 at flavours groups Givaudan and Sensient Technologies, although rival IFF saw earnings fall.
Givaudan's net income jumped from CHF252m (US$274.5m) in 2011 to CHF411 in 2012 amid higher sales. Revenue from fragrances and flavours increased.
US-based Sensient Technolgies reported a 2.8% rise in net income to US$123.9m on the back of a 2% increase in turnover.
A tax settlement in Spain hit profits at International Flavors and Fragrances. The US group posted a 4.8% fall in net earnings to $254.1m. However, revenue was up 1% and by 5% on a like-for-like basis.
Sectors: Commodities & ingredients, Financials
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GLOBAL: Ingredients firms IFF, Givaudan and Sensient book 2012 results
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