Givaudan

Strong top-line growth led by high-growth markets

  • Sectors : Foods
  • Companies : Givaudan

Ratings and price correct at time of issue.

  • Givaudan

    Closing Price: 273700chf

  • RATING 21/06/12

  • PREVIOUS RATING N/A

DAVY VIEW

Givaudan has delivered another solid top-line out-turn in Q3. While Flavour sales in North America failed to recover from the H1 stage (dairy), the acceleration in high-growth markets more than compensated. Fragrance continues to generate broad-based high-single-digit like-for-like growth. At first look, we anticipate modest upward revision to FY forecasts given the sales beat in both divisions.

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Oct 10 2019, 08:35 IST/BST

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