Givaudan: stock down after trading update
The Givaudan stock is down 3.
3% in Zurich today, following the group's trading update about the first quarter of 2018, which included 5.4% sales growth to 1,308 million Swiss francs (+5% on a comparable basis).
The manufacturer of flavours, fragrances and active cosmetic ingredients boasts solid growth in all of its product categories and geographical areas and says that it will continue its price increases, depending on customers, to compensate for rising raw materials costs.
On average over the five-year period of its strategic cycle, Givaudan's management aims to outperform the market, with 4%-5% sales growth and free cash flow representing between 12% and 17% of sales.
3% in Zurich today, following the group's trading update about the first quarter of 2018, which included 5.4% sales growth to 1,308 million Swiss francs (+5% on a comparable basis).
The manufacturer of flavours, fragrances and active cosmetic ingredients boasts solid growth in all of its product categories and geographical areas and says that it will continue its price increases, depending on customers, to compensate for rising raw materials costs.
On average over the five-year period of its strategic cycle, Givaudan's management aims to outperform the market, with 4%-5% sales growth and free cash flow representing between 12% and 17% of sales.