Geneva, Switzerland (GenevaLunch) - Geneva-based scents and flavours specialist Givaudan says it faces 2010 in good shape, despite lower production, with stocks reduced. Group sales for 2009 totaled close to CHF4 billion, an increase of 1.4% in local currencies and a decrease of 3.1% in Swiss francs compared to the previous year. On a comparable basis, sales increased by 1.6% compared to 2008.

Net income was up 79 percent, but from a weak base of CHF111 million in 2008. Income was 5 percent of sales in 2009, compared to 2.7 percent of sales in 2008. Gilles Andrier, Givaudan chief executive, says that “overall performance in 2009, against the backdrop of a difficult business environment, is a very satisfactory achievement.” The company issued its 2009 financial results  Tuesday 16 February,

Posted by Ellen Wallace on 16 February 2010 at 9:16, last updated on 9 April 2010 at 19:00 | permalink
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News story, GenevaLunch, 16 February 2010.

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  1. GenevaLunch » Blog Archive » Givaudan smelling sweet again Says:
    April 9th, 2010 at 7:01 pm

    [...] company ended 2009 with a 3.1 percent drop in sales, in Swiss [...]

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.