GLOBAL: Ingredients firms IFF, Givaudan and Sensient book 2012 results
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.
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