×
2 558
Fashion Jobs
URBN
Free People Assistant Visual Manager - Kings Road, London
Permanent · LONDON
URBN
Anthroplogie Visual Manager - Regent st, London
Permanent · LONDON
ESTEE LAUDER
Clinique - Consultant - Jollys, Bath - 7.5 Hours - Part Time, Permanent
Permanent · Bath
ESTEE LAUDER
la Mer - Business Manager - Selfridges, Exchange, Manchester - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Manchester
ESTEE LAUDER
Clinique - Consultant - John Lewis, Cribbs Causeway - 13 Hours - Part Time, Permanent
Permanent · Patchway
ESTEE LAUDER
Tom Ford, Frederic Malle, by Kilian - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
AESOP
Retail Consultant | Part Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
AESOP
Retail Consultant | Full-Time, Permanent | New Aesop Battersea Power Station, London
Permanent · London
BERSHKA
General Manager - Bershka Blanchardstown
Permanent ·
STRADIVARIUS
General Manager - Stradivarius Jervis
Permanent ·
STRADIVARIUS
Stradivarius General Manager Stratford
Permanent · LONDON
HEAD OFFICE
Commercial Buying Product Expert
Permanent · BRACKNELL
DEBENHAMS
CRM Assistant
Permanent · LONDON
HEAD OFFICE
Information Security Analyst (Cloud), Secure by Design
Permanent · BRACKNELL
AUTUMNPAPER LIMITED
Alexander Mcqueen Senior Performance Marketing Manager - 12 Month Ftc
Permanent · LONDON
DR. MARTENS
Retail Regional Manager - UK
Permanent · LONDON
BOOHOO GROUP
Warehouse Operative
Permanent · BURNLEY
VF INTERNATIONAL
Account Coordinator - Italian Speaking - Vans
Permanent · NOTTINGHAM
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Inventory Team Leader
Permanent · COALVILLE
VF INTERNATIONAL
Warehouse Area Manager
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
By
Reuters API
Published
Jan 28, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Givaudan will pass on higher costs to customers after FY profit miss

By
Reuters API
Published
Jan 28, 2022

Swiss fragrance and flavour maker Givaudan on Friday said it would pass higher costs on to customers this year after posting a weaker-than-expected rise in net profit and dividend for 2021.


Photo: Shutterstock



Net profit rose 10.5% to 821 million Swiss francs ($883.18 million) last year, leading the Geneva-based group to propose a dividend of 66 francs per share. This was short of a forecast for a 863 million franc profit and a 67.1 franc dividend in a Refinitiv poll.

Demand for fragrances used in cosmetics and toothpaste and flavours for food and drinks held up throughout the pandemic and Givaudan benefited from savings provided by its acquisitions, high production volumes and a recovery in its out of home business with products used in restaurants and hotels.

"With higher input costs in 2022, the company is implementing price increases in collaboration with its customers to fully compensate for the increases in input costs", the group said, also mentioning ongoing difficulties in certain parts of the supply chain.

Its operating margin rose to 16.3% last year, from 15.8% in 2020.

Like-for-like sales, which remove the impact of currency changes and acquisitions, increased 7.1% to 6.684 billion francs in the full year, in line with forecasts, with its fragrance & beauty business up 6.6% and taste & wellbeing rising 7.6%, Givaudan said.

Sales growth slowed to 5.3% in the final quarter of 2021, Givaudan said.

It confirmed its 2025 targets of 4-5% organic sales growth and free cash flow of at least 12% of sales.
 

© Thomson Reuters 2022 All rights reserved.