×
218
Fashion Jobs
GOODWEAR FASHIONS
Fresh Trainee Customer Service
Permanent · NEW DELHI
ADIDAS
Manager HR
Permanent · BENGALURU
SV MANAGEMENT CONSULTANTS
dy. Manager/ Shift in Charge - Production - Indore
Permanent · Indore
UNISON INTERNATIONAL CONSULTING
Garment Technician
Permanent · National Capital Region
WAYCOOL FOODS AND PRODUCTS
Area Sales Manager/ Sales Officer
Permanent · Chennai
VAMSHA RETAIL VENTURES
Foor Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
VAMSHA RETAIL VENTURES
Branch Manager - Retail Garment Showroom
Permanent · Mayiladuthurai
HERITAGE FOODS
Required Area Sales Manager - Vijayawada @ Heritage Foods Ltd
Permanent · Vijayawada
RASHMI GROUP MUMBAI
Sales Managers/ Executives (Real Estate) Location: Vasai
Permanent · Mumbai
DTDC EXPRESS
Sales Manager
Permanent · National Capital Region
RJCUBE STAFFING SOLUTIONS
Senior Garment Technician For Buying House, Noida Sector 59
Permanent · Noida
HIRING PLUS HR SOLUTION
Icici / Sales Manager / Home Loan ,
Permanent · Vadodara
TALENT CORNER HR SERVICES
Production Manager
Permanent · Bhiwandi
ABS HR SOLUTIONS
Asst. Manager Forecasting, Merchandising &Scm For Beauty Brand(Gurgaon
Permanent · National Capital Region
MANPOWERGROUP SERVICES INDIA
Unit Sales Manager-Field
Permanent · Chennai
SUPER PLAS WASTE MANAGEMENT LIMITED
Production Manager
Permanent · National Capital Region
AFT RECRUITERS
Hiring For Ecommerce Manager For Apparel Company, Jaipur
Permanent · Jaipur
INDUSIND BANK
Area Sales Manager - Loan Against Property
Permanent · Chennai
HERBAL CREATIONS
Regional Sales Manager
Permanent · Vadodara
RELIANCE RETAIL
Asm- Area Sales Manager
Permanent · Malappuram
EMF INNOVATIONS PVT LTD
Production Manager - Hub/Bldc
Permanent · Coimbatore
BERGER PAINTS
Area Sales Manager
Permanent · Mumbai
By
Reuters
Published
Jul 25, 2013
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Givaudan perfumes recovery drives sales lift

By
Reuters
Published
Jul 25, 2013

ZURICH, Switzerland - Fragrance and flavour maker Givaudan said first-half sales grew 5.7 percent, ahead of its own mid-term guidance, as demand for its fine fragrances used in perfumes picked up.

Givaudan and its peers have benefited from the growth in emerging markets consumers able to afford ready-to-eat meals, cosmetics and detergents that use their scents and flavours.


Photo: Givaudan

The Geneva-based group said on Thursday it wanted to grow sales by 4.5-5.5 percent each year over the mid term, assuming underlying market growth of 2-3 percent, and continue to gain market share.

In the first half of the year, its fine fragrance unit returned to sales growth of 2.5 percent, after a decline of 5.5 percent in the first quarter, boosted by new business in Latin America, Givaudan said.

Group sales reached 2.225 billion Swiss francs, just ahead of forecasts in a Reuters poll. Net profit jumped a better-than-expected 36 percent to 271 million francs, helped by lower financing costs and a lower tax rate.

Givaudan said developing markets accounted for 45 percent of its sales and grew 9.4 percent in the first half.

The group's earnings before interest, tax, depreciation and amortisation (EBITDA) margin improved to 22.9 percent from 20.6 percent a year ago, Givaudan said.

Vontobel analyst Jean-Philippe Bertschy said results were excellent, noting double-digit growth in fine fragrances in the second quarter, the improvement in profitability and the "very healthy" free cash flow.

Givaudan shares, which have gained more than 31 percent so far this year, trade at 21.4 times forward earnings, at a premium to Germany's Symrise at 19.1 times and U.S.-based International Flavors & Fragrances at 16.8.

IFF will publish its second-quarter results on August 6 and Symrise will follow suit on August 7.

© Thomson Reuters 2023 All rights reserved.