15/04/2021 | Ingredients

Givaudan’s Q1 results driven by “new wins” in dairy, snacks, savoury & sweet goods

In Givaudan’s Q1 business review, the company’s Taste & Wellbeing segment reported good growth driven by packaged foods, dairy, savoury, sweet goods, snacks and beverages. In the first three months of 2021, the flavour house recorded overall sales of CHF 1,674 m, an increase of 7.7 % on a like-for-like basis and 3.4 % in CHF.

CEO Gilles Andrier comments: “I am very pleased with the strong start that we have made to 2021, in what continues to be a very uncertain environment related to the Covid 19 pandemic. We have seen continued strong demand across the parts of our business which are less impacted by the Covid 19 pandemic and improving conditions in the parts of our portfolio which have been more affected”.

Givaudan started the year with strong business momentum while maintaining its operations and global supply chain at a high level. The good growth was achieved across most product segments and geographies, with particularly strong performance in the high growth markets, which recorded sales growth of 14.5 % on a like-for-like basis.