{"id":82131,"date":"2022-04-13T11:12:33","date_gmt":"2022-04-13T09:12:33","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=82131"},"modified":"2022-04-13T11:17:26","modified_gmt":"2022-04-13T09:17:26","slug":"good-momentum-for-givaudan-with-4-6-growth-in-the-first-quarter","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/good-momentum-for-givaudan-with-4-6-growth-in-the-first-quarter\/","title":{"rendered":"Good momentum for Givaudan with 4.6% growth in the first quarter"},"content":{"rendered":"<h4>Swiss fragrance maker Givaudan on Tuesday confirmed its medium-term targets and plans to raise prices this year.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Givaudan<\/strong>, the fragrance and flavour company, said it would continue to raise prices this year to offset rising input costs, after like-for-like sales increased by 4.6% in the first quarter.<\/p>\n<p>&nbsp;<\/p>\n<p>The group is not, strictly speaking, impacted by the <strong>Russia\/Ukraine<\/strong> conflict crisis, including for ingredients sourced from those countries, but wants to increase prices to <strong>offset rising raw material and energy costs<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>With higher input costs in 2022, the company continues to implement price increases in collaboration with its customers to fully compensate for input cost increases<\/em>,&#8221; the Swiss group commented.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Sales of its taste and wellness business grew by 6.4%<\/strong>, while those of its fragrance and beauty unit, facing a more difficult comparison base, grew by 2.7%. <strong>The company noted strong demand for its fragrances for perfumes as well as flavours for beverages, dairy and snacks<\/strong>, whilst sales of fragrances for consumer products such as toothpaste and soap declined after benefiting strongly from the pandemic.<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Givaudan confirmed its medium term objective of 4-5% underlying sales growth<\/strong> and free cash flow of at least 12% on average over a five year cycle. Group sales reached 1.78 billion Swiss francs ($1.91 billion), up 6.4% in Swiss francs.<\/p>\n<p>&nbsp;<\/p>\n<p>Givaudan CEO <strong>Gilles Andrier<\/strong> said he was &#8220;<em>very pleased with this good start in 2022, despite a complex and challenging external environment<\/em>&#8220;.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/givaudans-results-exceed-expectations-for-the-first-half-of-2021\/\">GIVAUDAN\u2019S RESULTS EXCEED EXPECTATIONS FOR THE FIRST HALF OF 2021<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 Givaudan<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Swiss fragrance maker Givaudan on Tuesday confirmed its medium-term targets and plans to raise prices this year.<\/p>\n","protected":false},"author":380,"featured_media":82143,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"Swiss fragrance maker Givaudan on Tuesday confirmed its medium-term targets and plans to raise prices this year.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"givaudan,results,increase,figures,raw material,perfume,sent,swiss,switzerland","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-82131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/82131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/380"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=82131"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/82131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/82143"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=82131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=82131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=82131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}