Givaudan: Q1 sales growth nearly 3%

(CercleFinance.com) - Givaudan announces sales of 1.
82bn CHF for Q1 2024, up 2.8% as reported and up 12.6% organically, exceeding Stifel's estimate of 7.8%.

The fragrances and flavors group reports strong growth in all segments and geographies, with like-for-like increases of 21.8% in high-growth markets and 5.5% in mature markets.

Givaudan confirms that it is targeting organic LFL sales growth of 4% to 5%, and free cash flow of at least 12%, both measured on average over the five-year strategic cycle.


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