Givaudan posted a 7.7 percent increase in first quarter sales, year-over-year.
The business had sales of 1.24 billion Swiss framcs, or $1.24 billion, for its first quarter, up 7.7 percent, or 3.5 percent on a like-for-like basis.
The company’s Fragrance Division had sales of 576 million Swiss francs, or $575 million, up 2.6 percent year-over-year or 2.1 percent on a like-for-like basis.
Overall, sales growth was led by a double-digit gain in the home segment, as well as gains in oral care and personal care.
Sales of fragrance compounds were up 3.4 percent to 499 million Swiss francs. Fine fragrance sales were up 0.9 percent on a like-for-like basis. Gains in Western Europe, The Middle East and Asia offset lower sales in North America and Latin America, the company said.
Consumer Products segment sales were up 3.2 percent on a like-for-like basis, driven by growth in mature and high-growth markets led by international consumers. Sales of fragrance ingredients and active beauty dipped 1.7 percent on a like-for-like basis.
In Givaudan’s Flavour Division, sales were up 4.8 percent on a like-for-like basis to 666 million Swiss francs. Including Spicetec, which Givaudan acquired in August, and Activ International, acquired in January, growth was up 14.1 percent (in Swiss francs). Sales performance in the Flavours unit was driven by business momentum in North America, Europe, the Middle East and Africa. Asia Pacific grew modestly because of slower sales in China, and Latin America declined. Sales in the Asia Pacific region were up 2 percent; sales in Europe, Africa and the Middle East were up 6.1 percent; sales in Latin America dropped 3.4 percent, and sales in North America increased 9.2 percent, on a like-for-like basis.
Givaudan said it is continuing to increase prices to compensate for increases in input costs. The company is projecting 4 percent to 5 percent growth rates, planning to outpace the market.