FILE PHOTO: The brand of Swiss flavours and fragrances maker Givaudan is seen at its innovation heart in Kemptthal, Switzerland January 10, 2020. REUTERS/Arnd Wiegmann/File PhotoZURICH (Reuters) – Swiss perfume and flavour maker Givaudan confirmed its mid-term targets after like-for-like sales rose 7.7% within the first quarter, helped by sturdy demand for its perfume and sweetness merchandise.During the pandemic, Givaudan has been benefiting from sturdy demand for home items like cleaning soap, detergent or snacks it makes components for, whereas its enterprise with meals for out-of-home consumption and perfumes took successful final 12 months.Sales at its perfume and sweetness enterprise rose 9.9%, helped by a restoration in its fragrance and lively magnificence enterprise, whereas its style and wellbeing unit was up by 5.8%, Givaudan mentioned in an announcement on Tuesday.High-growth markets in Latin America and Asia Pacific had been the primary drivers, Givaudan mentioned.“We have seen continued sturdy demand throughout the components of our enterprise that are much less impacted by the COVID‑19 pandemic and enhancing situations within the components of our portfolio which have been extra affected,” Chief Executive Gilles Andrier mentioned within the assertion.Sales linked to out-of-home consumption had been nonetheless affected by the pandemic, however “to a lesser extent in comparison with 2020, as restrictions in relation to out of dwelling meals and beverage consumption began to be lifted in sure markets,” Givaudan mentioned.For the five-year interval to 2025, Givaudan confirmed its goal for like-for-like natural sales progress of 4-5% on common per 12 months.Givaudan competes with Germany’s Symrise that studies first-quarter sales on April 28.Reporting by Silke Koltrowitz; Editing by Caroline Copley
