GENEVA — Swiss flavors and fragrance supplier Givaudan posted first-quarter 2004 sales of $548.3 million at current exchange rates, or 701.6 million Swiss francs, up 2.4 percent year-on-year.
In local currencies, sales registered a 4.1 percent rise in the period ending March 31.
Excluding sales of discontinued fragrance ingredients, Givaudan’s business grew 4.9 percent in Swiss francs and 6.7 percent in local currencies.
The firm’s fragrance division rang up sales of $217.6 million, or 278.4 million Swiss francs, up 4.2 percent in the quarter versus the same year-ago period. In local currencies, the branch’s business posted a 5.9 percent uptick.
Givaudan said its fine fragrance division boasted a double-digit increase in local currencies thanks to the launch of some prestige scents. It also noted its consumer products branch showed gains.
The company’s fragrance ingredients division’s sales in the quarter “developed in line with Givaudan’s objective to focus on proprietary specialties, which showed double-digit growth,” the company said in a statement. “However, overall sales declined due to discontinued sales of commodity ingredients, which in the first quarter of 2003 had accounted for 18 million Swiss francs [$14.1 million].”
In other company news, Givaudan is showcasing its scent savoir-faire in a CD-ROM called Perspectives, destined for the company’s clients.
The CD-ROM is divided into six parts, which are connected electronically through hyperlinks. The sections include “horizons,” which gives an overview of women’s and men’s scents; “chronology,” which provides a look at fragrances from 1889 to the present; “olfactory architecture,” which outlines scent families; “trendsetters,” which highlights eaux that kicked off fragrance movements; “genealogies,” which offers a study of scents’ lineage, and “paths to the future,” which presents a glimpse of what’s to come.
— Jennifer Weil