Givaudan: stock down after trading update
(CercleFinance.com) - The Givaudan stock is down 1.
9% in Zurich this morning, after the perfumes and fragrance supplier announced 9m 2018 sales of 4.07 billion Swiss francs, up 8.4% (+5.7% like-for-like).
The company continues to make price increases in collaboration with its customers to pass on rise in raw materials costs, said the Swiss group, which recently took over the French company Naturex.
On average over the five years of its strategic cycle, Givaudan has confirmed its aim to outperform the market, with 4%-5% sales growth, with free cash flow representing between 12% and 17% of sales, in addition to maintaining its current dividend policy.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
9% in Zurich this morning, after the perfumes and fragrance supplier announced 9m 2018 sales of 4.07 billion Swiss francs, up 8.4% (+5.7% like-for-like).
The company continues to make price increases in collaboration with its customers to pass on rise in raw materials costs, said the Swiss group, which recently took over the French company Naturex.
On average over the five years of its strategic cycle, Givaudan has confirmed its aim to outperform the market, with 4%-5% sales growth, with free cash flow representing between 12% and 17% of sales, in addition to maintaining its current dividend policy.
Copyright (c) 2018 CercleFinance.com. All rights reserved.