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Givaudan Profit Beats Estimates on U.S. Fragrance Demand

  • Swiss company sticks to revenue growth targets through 2020
  • Anne Tayac to become member of management board on Aug. 1
Updated on

Givaudan SA, the world’s largest flavors and fragrance company, reported first-half profit that beat analyst estimates on increased demand for perfumes.

Earnings before interest, taxes, depreciation and amortization rose 13 percent to 638 million francs ($649 million), the Vernier, Switzerland-based company said in a statement on Monday. Analysts had predicted 576 million francs. Sales gained 6.2 percent on a like-for-like basis to 2.33 billion francs.