By  on April 16, 2013

PARIS — Givaudan reported its first-quarter sales gained 2.7 percent, bolstered by a full product pipeline and sustained high-level win rates.

In the first three months ended March 31, revenues for the Vernier, Switzerland-based fragrance and flavors supplier reached 1.09 billion Swiss francs, or $1.34 billion. On a like-for-like basis, sales increased 3.9 percent.

Dollar figures are converted at average exchange for the period to which they refer.

Givaudan’s fragrance division posted revenues of 517.1 million Swiss francs, or $635 million, up 3.6 percent. On a constant basis, sales advanced 4.2 percent. The firm attributed the gains to good growth in the consumer-products business, while revenues from fine fragrances and fragrance ingredients were lower than in first-quarter 2012.

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