Flavour and fragrance company Givaudan saw its sales slow in the third quarter, dropping to 5.2% in the third quarter, down on the 10.1% sales growth recorded in the first half of the year.
In the three months 30 September, the Switzerland-based firm saw sales grow 5.2% to CHF1.08bn (US$1.12bn).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
The flavour division, which serves food and beverage customers, saw growth slow the most, posting 3.8% growth for the quarter to CHF562m – but 6.5% to CHF1.7bn for the nine-month period.
For the nine-month period, Givaudan’s total sales grew 8.5% to CHF3.28bn.
The group said that for the fourth quarter, it expects to see a continued good performance and is confident of achieving its goals of sales growth of above 5% in local currencies and an EBITDA margin of 22.7%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
