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BASIC INDUSTRIES: Givaudan (GIVNVX Baa1[N]/A-[N]/NR): 3Q24 Sales

BASIC INDUSTRIES
  • Givaudan reported sales 2% better than consensus. LfL growth was strong at 14%, currency effects were a drag on the actual YoY at 10.2%.
  • The beat was driven by Fragrance & Beauty though Taste & Wellbeing also grew faster than expected. All geographies produced growth.
  • Bodes well for strong FY24 results.
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  • Givaudan reported sales 2% better than consensus. LfL growth was strong at 14%, currency effects were a drag on the actual YoY at 10.2%.
  • The beat was driven by Fragrance & Beauty though Taste & Wellbeing also grew faster than expected. All geographies produced growth.
  • Bodes well for strong FY24 results.