×
1 940
Fashion Jobs
FOREO
E-Key Account Manager
Permanent · London
FOREO
Marketing Manager
Permanent · London
VF INTERNATIONAL
Warehouse Trainer And Instructor
Permanent · COALVILLE
OUTSIDE THE BOX RECRUITMENT
Account Manager Kidswear
Permanent · LONDON
THE KOOPLES
Regional Manager London
Permanent · LONDON
OUTSIDE THE BOX RECRUITMENT
Digital Marketing And e Commerce Manager
Permanent · LONDON
ESTÉE LAUDER
Estee Lauder - Consumer Campaign Email Marketing Executive
Permanent · London
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
NEW BALANCE
Marketing Director, Emea
Permanent · Warrington
EASTPAK
Credit Controller - French Speaking - Eastpak
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - German Speaking - The North Face
Permanent · CALVERTON
CONFIDENTIAL
Regional Manager London
Permanent · LONDON
ESTÉE LAUDER
la Mer - Business Manager - John Lewis, Cribbs Causeway - 37.5 Hours - Full Time, Permanent
Permanent · Bristol
VF INTERNATIONAL
dc Inventory Control Supervisor
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots, Enniskillen - 10 Hours - Part Time, Permanent
Permanent · Enniskillen
SHISEIDO
Account Manager Bareminerals - House of Fraser, Cheltenham
Permanent · Cheltenham
ESTÉE LAUDER
Clinique - Consultant - Browns, Beverley - 12 Hours - Part-Time, Permanent
Permanent · Beverley
ESTÉE LAUDER
Clinique - Consultant - Boots, Metro Gateshead - 16 Hours - Part Time, Permanent
Permanent · Gateshead
ESTÉE LAUDER
Clinique - Consultant - Boots, Derby - 10 Hours - Part-Time - Permanent
Permanent · Derby
ALTRA
Sales Representative
Permanent · LONDON
MICHAEL KORS
Sales Supervisor (40 Hours) - Milton Keynes
Permanent · MILTON KEYNES
SHISEIDO
Nars Account Manager - John Lewis High Wycombe (37.5 Hours)
Permanent · High Wycombe
By
AFP
Translated by
Nicola Mira
Published
Oct 9, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Givaudan: sales growth hampered by exchange rate impact

By
AFP
Translated by
Nicola Mira
Published
Oct 9, 2020

On Thursday, Swiss group Givaudan, the world's number one fragrance and aroma manufacturer, published sales figures for the first nine months of the year that were slightly below expectations. Exchange rate effects slowed down growth, despite an improvement in Q3.


AFP


Givaudan's revenue in the first nine months of the financial year grew by 2.7% compared to the same period last year, reaching CHF4.7 billion (€4.4 billion). Sustained demand for detergent and cleaning fragrances managed to compensate for a slump in fine perfumery, as the group indicated in a press release.

Givaudan stated that, net of exchange rate effects, acquisitions and divestments, its sales grew by 3.7%. The negative impact of exchange rate variations, the group having to contend with a strong Swiss franc, was calculated at CHF317 million.

According to Swiss agency AWP, analysts expected a revenue of CHF4.8 billion on average.

In the period in question, sales for Givaudan’s perfumery and beauty products business, bolstered by a series of acquisitions, grew by 5.3%, reaching CHF2.1 billion, despite a marked slump in fine fragrances, hit by the widespread closures of perfumeries and airport duty free shops, following lockdown measures and travel restrictions.

Sales for the aromas division recorded instead a more modest growth, increasing by 0.6% to reach CHF2.5 billion.

Gilles Andrier, Givaudan's general manager, said he was “very satisfied” with the group's performance, given that the Covid-19 pandemic is “still having a strong impact worldwide,” as he stated in the press release.

In Q3, the group’s sales showed signs of renewed energy, growing by 3.1%, having increased by a more tentative 2.8% in Q2.

Givaudan sets itself new financial targets every five years. At the end of August, the group published its new forecast up to 2025, predicting a 4% to 5% annual growth rate again.

Zurich, 8 October 2020 (AFP)

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.