Givaudan's Q1 sales beat expectations

April 13, 2023 02:33 PM AEST | By Reuters
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(Reuters) - Swiss fragrance and flavour maker Givaudan on Thursday reported quarterly like-for-like sales above expectations, saying it started the year with good business momentum while maintaining operations and global supply chain at a high level.

Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, compared with analysts' average forecast of 1.80 billion francs in a poll compiled by the company.

($1 = 0.8966 Swiss francs)

(Reporting by Tristan Veyet and Bartosz Dabrowski, additional reporting by Jagoda Darlak; Editing by Milla Nissi)


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