Givaudan loses momentum despite solid growth
Givaudan, the Geneva-based fragrance and flavour giant, closed the first nine months of 2022 with significantly higher sales, despite a challenging environment. However, revenue growth was below analysts' expectations. Turnover reached 5.46 billion francs, 7.7% higher than a year earlier. Adjusted for currency effects, growth was 6.1% on an annual basis. In the third quarter alone, sales increased by 6.7% to CHF 1.69 billion.