April 8, 2011

Givaudan to hike prices as materials costs jump

April 8 - Fragrance and flavour maker Givaudan said on Friday price increases should help it reach its 2011 growth target after its first-quarter sales came in at the low end of expectations.

Givaudan: Swiss manufacturer of flavorings and fragrances

Sales rose 3.1 percent in local currencies but fell 5.1 percent in Swiss francs to 1.01 billion Swiss francs ($1.10 billion), said the group which makes flavours for food and fragrances for perfumes. Givaudan, which competes with German Symrise and American International Flavors & Fragrances, is grappling with rising input costs, an unfavourable translation effect caused by the strong franc and a tough comparison base.

(Reporting by Silke Koltrowitz)

archives Givaudan

4/11/12
Givaudan confirms mid-term goal, Q1 sales up 5 pct
...maker Givaudan confirmed its mid-term sales growth target after posting a 4.7 percent rise in first-quarter sales on Wednesday thanks to buoyant demand in emerging markets.
See complete article
2/16/12
Givaudan says on track despite profit drop
...maker Givaudan said it was still on track to meet medium-term growth targets after posting a fall in 2011 net profit due to the appreciation of the Swiss franc and higher raw materials prices.
See complete article
12/7/11
Givaudan CEO: no sign of cooling demand
...maker Givaudan has not witnessed a cooldown in demand despite rising global economic uncertainty, its chief executive Gilles Andrier told a Swiss newspaper.
See complete article
10/24/11
Meet Jean-Claude Ellena, 'scent writer' for Hermes
...assistant at Givaudan in Switzerland.After stints in New York and Geneva, he moved to Paris in 1975 with his wife and two young children, and the following year -- aged just 28 -- encountered his first major...
See complete article
10/11/11
Givaudan confirms mid-term goals despite Q3 sales miss
...maker Givaudan stuck to its mid-term goals despite nine-month sales missing forecasts, saying its ability to push through price hikes should help offset higher raw material costs.
See complete article
8/4/11
Givaudan H1 profit slumps on forex, raw materials
...weighed. Givaudan: Swiss manufacturer of flavorings and fragrances Givaudan, which makes food flavours as well as fragrances for Dior and Prada perfumes, is grappling with slowing consumer demand that may make it...
See complete article
5/11/11
International Flavors and Fragrances Q1 profit beats Street
...Swiss-based Givaudan, the world's biggest fragrance and flavor maker, said it was raising prices to help it pass on growing costs of raw materials such as oil-based chemicals. IFF, which has been creating...
See complete article
2/10/11
Costs hit International Flavors profit
...maker Givaudan (GIVN.VX) -- said on Tuesday it was preparing price increases to offset a big increase in raw material costs that will mean lower profitability over the next few months."As we enter 2011, we are...
See complete article
2/8/11
Givaudan eyes raw material rise as FY meets poll
...maker Givaudan said it was preparing price hikes to offset a strong rise in raw material prices in 2011 after it met forecasts with a 71 percent rise in full-year net profit.
See complete article
10/8/10
Givaudan sees good Q4 after 9-month sales rise
...flavour-maker Givaudan struck an upbeat note for the rest of the year after its sales rose in the first nine months thanks to strong demand in both emerging and developed markets.
See complete article
8/31/10
Givaudan targets up to 5.5 pct annual growth
...maker Givaudan aims to outperform competitors with 4.5-5.5 percent annual organic growth led by emerging markets.
See complete article
8/5/10
Givaudan upbeat as consumers buy more perfumes
...maker Givaudan struck an upbeat note for 2010 as retailers restocked perfumes and strong demand in emerging markets helped its first-half sales and net profit beat expectations.
See complete article
5/6/10
International Flavors profit beats Street; sales up
...rival Givaudan (GIVN.VX) said last month its first-quarter sales rose 9.2 percent as consumers splurged again on expensive perfumes. IFF named Tough as chief executive on March 1. Tough had served as nonexecutive...
See complete article
4/11/10
Givaudan first quarter sales rise 9.2 percent, beat poll
...maker Givaudan posted a forecast-beating 9.2 percent rise in first-quarter sales as consumers splash out again on costly perfumes.
See complete article
2/16/10
Givaudan profit rises 79 pct, confident on 2010
...givaudin.com Givaudan, which makes ingredients for designer perfumes such as Calvin Klein and Burberry, said on Tuesday 16 February it was confident of growing faster than the wider market and hitting its operating...
See complete article
1/4/10
Gap and Patrick Robinson produce their first feminine fragrance
...perfumer Givaudan and the Interparfums group.
See complete article
8/6/09
Symrise second quarter net slumps on weak demand for fragrances
...rival Givaudan (GIVN.VX) this month reported a decline in half-year sales and earnings but investors were reassured by improved margins and debt reduction measures, boosting Givaudan's shares. According to...
See complete article
8/4/09
Givaudan sales seen bottoming, shares rise
...maker Givaudan reported a smaller-than-expected decline in half-year sales, and improved margins as debt reduction measures started to take effect, boosting its shares.
See complete article
6/11/09
Nomura wins first rights issue mandate in Europe
...maker Givaudan.
See complete article
4/3/09
Givaudan Q1 sales hit by destocking, misses forecasts
...maker Givaudan AG reported first-quarter sales fell 7.3 percent to 976.1 million Swiss francs ($854 million), missing analyst forecasts amid strong destocking.
See complete article

More results