Six months after completing the acquisition of Naturex, flavour and fragrance giant Givaudan has posted its 2019 first-quarter sales of CHF 1,525 m, an increase of 6.3 % on the previous year. The company’s Flavour Division sales were CHF 848 m, an increase of 4.3 %. From a segment perspective Beverages, Snacks, Savory and Sweet Goods all contributed to the positive sales performance. Givaudan acquired the world player in natural extracts, Centroflora Nutra, in May 2018, which contributed CHF 4 m of sales, while Naturex, acquired last September, contributed CHF 111 m to the performance in the first quarter of 2019.
Givaudan says it started the year with good business momentum with growth achieved across all product segments and geographies, as well as key strategic focus areas of naturals, health and well-being and active beauty. The Flavour Division sales performance was driven by “new wins and good business momentum across all regions”. In the key strategic focus areas of the 2020 strategy sales growth continued to be strong, with double-digit growth in Health and Well-being and single-digit growth in Naturals.