Givaudan narrowly misses half-year sales forecast, hit by strong Swiss franc
22/07/2025 05:23
GDANSK, July 22 (Reuters) - Givaudan GIVN.S on Tuesday reported half-year sales that fell slightly short of market expectations, hit by the strengthening of the Swiss franc and as growth moderated from the strong prior-year performance. The Swiss fragrance and flavour maker reported group sales of 3.86 billion Swiss francs ($4.84 billion) for the first six months of 2025, up 3.4% from a year earlier. That narrowly missed the average forecast of 3.91 billion francs from analysts polled by the company. ($1 = 0.7981 Swiss francs) (Reporting by Rafal Nowak and Jagoda Darlak in Gdansk, editing by Milla Nissi-Prussak) ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))