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Apr 9 2019, 08:35 IST/BST
Givaudan
Good start to FY2019 – Fragrance driven
DAVY VIEW
Givaudan has maintained positive top-line momentum through Q1 2019. Group like-for-like (LFL) sales increased by 6.3%, 160bps ahead of consensus. LFL growth was led by Fragrance (+8.7%) – both volume and pricing driven. Price negotiations to compensate for input cost increases are on-going. A muted performance in the North American Flavour segment and FX-related pricing in Latin America were notable. The outlook for the company and the sector remains favourable.
