THE WHAT? Givaudan has reported its results for the first nine months of 2020. The Swiss flavors and fragrances giant saw sales rise a respectable 3.7 percent like-for-like to CHF4,790 million, despite the ongoing GVC.
THE DETAILS The company’s Fragrance & Beauty division was buoyant with sales up 4.5 percent like-for-like, while its Taste & Wellbeing put on a respectable 3.1 percent.
The company noted that performance was particularly strong in its household, health and personal care segments, as well as in nutraceuticals, although its Fine Fragrances and Active Beauty segments had been hit by curtailed retail and travel retail activity.
THE WHY? “I am very pleased with our good sales performance during a period where the COVID-19 pandemic continues to have a significant impact on the world. Givaudan continues to demonstrate our market leadership and the important role that we play in sustaining the global supply chain in food and beverage as well as in household, health and personal care products,” said CEO Gilles Andrier. “I am especially proud of the entire Givaudan organisation for their ongoing dedication and for enabling us to continue to support our customers to keep critical products available to consumers throughout the COVID-19 crisis.”