The fragrance and flavor manufacturer has ended the period with a revenue of 6,2 million euros (6.8 million dollars) and a result of 702 million euros (773 million dollars).
Givaudan ends 2019 on a high note. The Swiss flavor and fragrance manufacturer has ended the year with a net result of 702 million euros (773 million dollars), 5.8% more than the previous year when it earned 663 million euros (731 million dollars).
The revenue of the company has also grown during the period, recording an increase of 12.2%, up to 6,2 million euros (6.8 million dollars)). On the other hand, the company’s gross operating profit (EBITDA) was 1,3 billion euros (1.4 billion dollars), an 11.4% increase.
The fragrance business of Givaudan has increased by 10.9% during the year, to 2.7 billion euros (2.9 billion dollars), while the aroma sector has grown by 13.4%, to 3,1 billion euros (3.4 billion dollars).
The fragrance business of Givaudan has increased by 10.9% during the year
“We have completed the fourth year of our 2020 strategy and are preparing for the next chapter,” said Gilles Andrier, CEO of the group, in a statement.
In the last year, the Swiss company which supplies the main perfume and cosmetic groups has been marked by acquisitions. In 2019 the company broke out the checkbook five times with the purchase of Golden Frog, Drom, Albert Vieille, Frafance Oils, and AMSilk GmbH.