Givaudan sales fall unexpectedly in the third quarter
ZURICH Oct 10 (Reuters) - Swiss fragrance and flavour maker Givaudan confirmed its mid-term guidance on Thursday, even as sales fell unexpectedly in the third quarter.
The company, which makes fragrances for Dior and Prada perfumes, said sales fell 1.1 percent to 1.09 billion Swiss francs ($1.2 billion) compared to 1.1 billion a year ago.
This fell short of the average analyst forecast for a 3.3 percent rise to 1.14 billion in a Reuters poll.
The Geneva-based firm confirmed its mid-term guidance of between 4.5 and 5.5 percent underlying annual sales growth, against average growth of about 2 to 3 percent for the market as a whole.
- White House reverses, says Obama met uncle and lived with him during law school
- South Africans, some fearful, wake to life without Mandela |
- U.S. television, Twitter, alive with new version of 'Sound of Music'
- RPT-UPDATE 1-Ford leans on global Mustang to burnish overseas image
- Ford leans on global Mustang to burnish overseas image