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Givaudan Posts First-Half Profit, Sales Rise

   By Sarah Sloat 
 

Givaudan SA said Thursday that net income and sales rose in the first half, with positive business momentum and growth across most segments and regions.

The Swiss flavor-and-fragrance company said net profit in the period ended June rose to 481 million Swiss francs ($524.1 million) from CHF413 million in the period a year earlier.

Earnings before interest, taxes, depreciation and amortization increased to CHF809 million from CHF734 million while sales climbed 7.9% to CHF3.37 billion on a like-for-like basis.

"As the Covid-19 pandemic continued to have an impact on a global level, Givaudan sustained good business momentum whilst maintaining its operations and global supply chain at a high level," Givaudan said.

 

Write to Sarah Sloat at sarah.sloat@wsj.com

 

Corrections & Amplifications

This story was corrected at 0529 GMT. The original in the first paragraph misstated the day as Wednesday.

(END) Dow Jones Newswires

July 22, 2021 01:15 ET (05:15 GMT)

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