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.
- On the move: What's in store from Tesco's new CEO?
- The just-food interview: Premier Foods CEO Darby
- Focus: Progress but Campbell faces questions
- On the money: Can Premier build H2 sales momentum?
- Comment: Danone could be mulling strategy shift
- UPDATE: Premier establishes international unit
- Campbell issues warning on 2014/15 fiscal year
- S&A Foods announces restructure, 55 jobs to go
- Universal Robina to buy biscuit firm Griffin's
- Premier launches Oxo pots range in UK