Givaudan seen up as Q1 sales growth beats consensus

Givaudan SA

14/04/2026 07:28

** Shares in Swiss fragrance and flavour maker Givaudan GIVN.S are up 2.9% in Julius Baer pre-market indications after the company reported better-than-expected Q1 organic sales growth

** Givaudan's Q1 like-for-like sales grow 2.8%, ahead of a 1.9% consensus estimate, driven by strong demand in its perfumery and personal care businesses

** "The reported 2.8% organic growth driven almost entirely by volumes for 1Q26 is stronger than expected," Vontobel says

** The brokerage adds that the stock's current valuation "reflects excessive negativity", with Givaudan trading at a discount of more than 25% to its 10-year average

** Jefferies says it expects a positive share price reaction, noting that the Fragrance & Beauty division, which grew 5.9% on a LFL basis, came in 180 basis points above consensus

(Reporting by Rafal Nowak)

((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))