Fragrance producer Givaudan reports strong sales in Q1
08 Apr '06
4 min read
Sales in North America showed a good single digit growth. The performance of the confectionery and beverage segments drove the region's results with Foodservice and the acquired IBF portfolio again posting excellent sales. The production transfers to the Devon facility are on schedule.
Sales in Europe, Africa and the Middle East showed good growth mainly driven by the rebound of the beverage segment which enjoyed double-digit growth due to new wins and good growth from established products of key customers. Both, Eastern Europe and the Middle East, reported good double digit gains whilst Western Europe reported single digit gains. In Duebendorf (Zurich, Switzerland) the groundbreaking for a new state-of-the art logistics centre took place in March. Scheduled for completion by end 2007, it will further enhance operational efficiencies with a fully-automated warehouse.
This afternoon, Givaudan will send out a media release reporting the decisions of its Annual General Meeting 2006.
Geneva based The oldest fragrance house in the world, Givaudan makes use of its strong product development and research capabilities, including one of the world's oldest perfumery schools, to serve a diverse and distinguished clientele, by creating fragrance and flavour compounds for a variety of products. Today, Givaudan is a science-smart, modern, and innovative company, with global reach and resources, well positioned to succeed in the twenty-first century.
marketing@alchempro.com
