Givaudan jumps on fragrance outperformance; peers follow
BUZZ-Givaudan jumps on fragrance outperformance; peers follow ** Givaudan GIVN.S shares rise 6.9% to their highest point since July 2025 after the Swiss fragrance and flavour maker's third-quarter organic sales beat expectations, driven by its fragrance division
** Q3 like-for-like sales grew 8.6% against 4.7% company-compiled consensus
** Growth at its fragrance arm reached 13.5%, with Vontobel analyst Arben Hasanaj pointing to a "phenomenal, broad re-acceleration" in fine fragrance sub-segment
** "We expect momentum to continue into Q4 and see modest upside risk to consensus EBITDA forecasts for 2026," Davy Research says in a note
** Peers DSM-Firmenich DSFIR.AS, Novonesis NSISB.CO and Symrise SY1G.DE rise between 1% and 3% in early morning trade
** Givaudan shares top pan-European STOXX 600 .STOXX index
(Reporting by Rafal Nowak and Margaux Perrin in Gdansk)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))
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