NEW YORK — Due to strong performances of its fine fragrances and consumer products businesses, Givaudan’s Fragrance Division delivered a 2.5 percent gain in sales for the nine-month period ended Sept. 30.
Results exclude sales of discontinued fragrance ingredients. Including the discontinued products, the division posted sales that fell 2.1 percent to 827.8 million Swiss francs, or $656 million, from 845.2 million Swiss francs, or $623 million, in the prior year. Dollar figures are at the average exchange rate.
“The growth has been achieved in a challenging market environment, led primarily by fine fragrances and consumer products, complemented by double-digit growth in specialty ingredients,” the company said in a statement.
Total sales for the company fell 0.3 percent in the nine-month period to 2.06 billion Swiss francs, or $1.64 billion, from 2.07 billion Swiss francs, or $1.53 billion, in the prior year. Excluding the impact of discontinued fragrance ingredients, total sales gained 1.5 percent.
“Fine fragrances continued to show double-digit growth, driven by several new launches, foremost in North America and in the specialty segment,” the company explained. “This reflects a strong performance in an overall flat market.”
For the Flavour Division, sales gained 0.9 percent to 1.24 billion swiss francs, or $980.7 million, from 1.23 billion swiss francs, or $903.7 million, in the prior year.
— Arthur Zaczkiewicz