Givaudan's quarterly sales meet market expectations (updated)
14/10/2025 05:18
Adds organic growth beat and comparison numbers in paragraphs 1-3, divisional sales, outlook and comment on costs in paragraphs 4-6 By Jagoda Darlak Oct 14 (Reuters) - Swiss fragrance and flavour maker Givaudan GIVN.S reported stronger than expected organic growth for the July-September period on Tuesday, driven by its high growth markets and sustained strong performance in its fine fragrance business. Givaudan's third-quarter sales rose 4.4% on a like-for-like basis to 1.88 billion Swiss francs ($2.34 billion). While the sales number matched analysts' average forecast, growth outpaced the consensus of 3.9% compiled by the company. The group's organic sales growth has been slowing down since the end of last year, stoking investor concerns about fading momentum. This trend continued, as the growth waned from 5.2% in the previous quarter and 14.1% in the third quarter of 2024. Quarterly sales at the Fragrance & Beauty unit grew 6.8%, above analysts' forecast of 4.7%, while the Taste & Wellbeing business, which makes up more than a half of Givaudan's revenue, recorded a sales increase of 2.1%, both on a like-for-like basis. The Geneva-based group reiterated that its average organic sales growth was set to exceed its target range of 4% to 5% in the years between 2021 and 2025. The average growth stood at 7.2% after the first nine months of 2025. Givaudan, whose customers include cosmetics firms and drinks makers, said it was continuing to compensate for higher input costs, including U.S. President Donald Trump's tariffs, with price increases. ($1 = 0.8031 Swiss francs) (Reporting by Jagoda Darlak in Gdansk; editing by Milla Nissi-Prussak) ((jagoda.darlak@tr.com))