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Geneva, Switzerland (GenevaLunch) - Geneva-based Givaudin, the world’s leader in scents and flavours, had a 6.07% increase in sales in local currencies in 2008, to CHF4.09 million, representing a fall of 1.1% in Swiss francs. Net income was up 19.4% from CHF93 million in 2007 to CHF111m in 2008. The group says it is relatively optimistic for 2009 despite the overall market downturn.

In other Swiss business news, Basel-based chemical company Clariant has posted a 2008 loss of CHF37 million, hurt by a sharp drop in the textiles and leather business, notably in the auto industry.

Posted by Ellen Wallace on 17 February 2009 at 9:04, last updated on 15 May 2009 at 18:39 | permalink
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This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
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News story, GenevaLunch, 17 February 2009.

Filed under: Business

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  1. GenevaLunch » Blog Archive » Clariant sheds employees as it shifts business out of Switzerland Says:
    February 16th, 2010 at 9:29 am

    [...] employees, 400 of which are in Switzerland, as it continues to restructure. The company suffered sharp losses in 2008, largely due to a sudden drop in the auto industry. The company has since then shed more than 3,000 [...]

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.