Givaudan confirms outlook after net profit beats poll
ZURICH Jan 30 (Reuters) - Fragrance and flavour maker Givaudan said it wants to continue to gain market share after its full-year net profit rose 19.5 percent, beating forecasts, helped by an improved operating performance and a lower tax rate.
"Mid-term, the overall objective is to grow organically between 4.5 percent and 5.5 percent per annum, assuming a market growth of 2-3 percent and continue on the path of market share gains," the maker of flavours for beverages and snacks and fragrances for perfumes and washing powder said in a statement on Thursday.
Sales rose 5.5 percent on a like-for-like basis to 4.369 billion Swiss francs ($4.86 billion) in 2013, in line with forecasts in a Reuters poll. Net profit climbed to 490 million francs, versus a forecast of 470 million francs.
($1 = 0.8987 Swiss francs) (Reporting by Silke Koltrowitz)
- Protesters stay out on Hong Kong streets, defying Beijing |
- Hong Kong protesters stockpile supplies, prepare for long haul |
- China OKs iPhone 6 sale after Apple addresses security concerns
- Stocks head for worst quarter since euro crisis, dollar reigns
- U.S.-led air strikes pose problem for Assad's moderate foes