Swiss flavour and fragrance company Givaudan, the global leader in the industry, is confirming its targets and analysts’ forecasts, posting an increase in net profitability in the first half of the year.
Indeed, watch exports have increased to most markets in the first six months of the year, with the exception of Asia due to health restrictions. Numerous anti-Covid measures such as confinements in April and May prevented the Chinese market in particular from performing as usual, disrupting supply chains at the same time.
However, this did not prevent the latter from achieving good results, ending the half-year on a high note. Swiss watch exports rose by 11.9% year-on-year in the first half of the year to 11.9 billion Swiss francs (11.9 billion euros).
Featured photo : © Givaudan