Givaudan: down after 1H earnings
(CercleFinance.com) - Givaudan falls 3.
6% in Zurich following the publication of net profits up 2.3% to 380 million Swiss francs for the fragrance giant's first half of 2019, with EBITDA margins of 21.3%, almost two points under consensus.
Revenues came to 3094 million francs, up 15.7% based on published figures and 6.3% on a like-for-like basis, a growth bolstered by all its categories of products and geographical areas.
On average over the five years of its strategic cycle, it confirms that it aims to beat the market with a growth of 4-5% in sales and free cash-flow representing between 12% and 17% of revenue, and to maintain its current dividend policy.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
6% in Zurich following the publication of net profits up 2.3% to 380 million Swiss francs for the fragrance giant's first half of 2019, with EBITDA margins of 21.3%, almost two points under consensus.
Revenues came to 3094 million francs, up 15.7% based on published figures and 6.3% on a like-for-like basis, a growth bolstered by all its categories of products and geographical areas.
On average over the five years of its strategic cycle, it confirms that it aims to beat the market with a growth of 4-5% in sales and free cash-flow representing between 12% and 17% of revenue, and to maintain its current dividend policy.
Copyright (c) 2019 CercleFinance.com. All rights reserved.