Givaudan posts 19% profits
Swiss flavours and fragrance maker Givaudan has seen net profits rise 19% to 111 million Swiss francs. The company makes ingredients for confectionery and soft drinks as well as soaps and perfumes.
In a statement, the company notes that it is confident of growing faster than the underlying market in 2009 and proposed a dividend of about 20 francs per share. Sales were still affected by the Swiss currency and higher material and energy costs.
The Geneva-based group is confident it will achieve its previously announced savings target from the buy of Quest International.
