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.