Givaudan
This article was originally published in The Rose Sheet
Executive Summary
Annual sales increased 6% to $1.4 bil. (CHF 1=$.585) and net profit improved 14% to $155 mil. Despite growth, fragrance sales dropped 2% in local currencies to $6.4 mil. due to shortfall in consumer products segment and reduction in sales of pharmaceutical raw materials and UV sunscreen filter to Roche, Givaudan says. In June, the fragrance and flavors division was spun off from Roche as an independent company (1"The Rose Sheet" June 19, 2000, In Brief)