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(Reuters) – Swiss perfume and flavor maker Givaudan reported higher-than-expected third-quarter revenue on Thursday, driven by strong demand across all of its markets.
Givaudan’s sales rose 10.2% to 1.91 billion Swiss francs (2.03 million euros) for the July-September period, above analysts’ expectations of 1.86 billion francs in a consensus compiled by the company.
“We are able to continue to meet the strong and diverse demand from our customers in terms of volume,” Gilles Andrier, chief executive of Givaudan, said in a statement.
On a like-for-like basis, Givaudan’s sales rose 14.1% in the third quarter, above analysts’ expectations for growth of 10.4%. They have also posted double-digit growth since the start of the year.
Sales in the Taste and Wellness division, which account for more than half of Givaudan’s revenue, increased 12.4% year-on-year, while sales in the Perfumery and Wellness unit Beauty grew by 16.0%.
(Reporting by Jagoda Darlak and Matteo Allievi in Gdansk; by Mara Vîlcu, edited by Augustin Turpin)
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