Givaudan Q3 Sales Beat Expectations

Givaudan reported third-quarter organic sales growth of 8.6 percent, beating market expectations due to strong demand for its fragrances. Nine-month sales reached 5.89 billion Swiss francs as the company successfully raised prices.

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FILE PHOTO: Bottles containing fragrances stand in a laboratory of Givaudan in Paris, France February 10, 2020. REUTERS/Gonzalo Fuentes/File Photo

Givaudan-REG posted third-quarter organic sales growth of 8.6%, topping the company-compiled consensus of 4.7% on strong fragrance demand. The Switzerland-based company outperformed expectations across its core divisions during the period. The results offer an early read on consumer demand for major food and perfume manufacturers.

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