On Thursday, Swiss group Givaudan, the world's number one fragrance and aroma manufacturer, published sales data for the first nine months of the year. Exchange rate effects hampered growth, despite an improvement in Q3.
Fragrance and flavour maker Givaudan said it was on track to meet its 2020 guidance after net profit rose 9% and like-for-like sales grew 4% in the first half as consumers kept buying soap during the Covid-19 pandemic.
Givaudan has closed a facility near Zurich and told roughly 400 employees to work from home after one employee was confirmed infected with the new coronavirus, the Swiss fragrances and flavours maker said on Wednesday.
Fragrance and flavor maker Givaudan said it was confident of delivering like-for-like sales growth of between 4% and 5% this year, within its mid-term target range, implying a slowdown from 5.8% growth last year.