Givaudan

Q1 out-turn sets strong foundation for the year ahead

  • Sectors : Foods
  • Companies : Givaudan

Ratings and price correct at time of issue.

  • Givaudan

    Closing Price: 403100chf

  • RATING 31/01/24

  • PREVIOUS RATING 24/03/20

    OUTPERFORM

DAVY VIEW

Givaudan has delivered a strong start to 2024 – achieving Q1 like-for-like (LFL) sales growth of 12.6%, which was volume driven and led by Fragrance activities. Growth was broad based by segment and region, with the statement noting a “high level” of new business wins. The result sets an excellent foundation for the year ahead, and we envisage modest upside to our 2024 EBITDA forecast.

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Apr 11 2024, 07:30 IST/BST

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