Givaudan’s operating growth was additionally pushed by acquisitions, especially in Flavour. We assume there were some positive effects from higher sales prices for the established business, whereas new wins are expected to be calculated with higher input costs. Although it remains unclear whether higher sales prices really compensated for higher raw material prices, we expect a continuation of the positive H1 trend. The top-line came in slightly stronger than expected, whereas consensus
10 Oct 2019
Continued good organic growth
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Continued good organic growth
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (GIN:LON) | 0 0 1.1% | Mkt Cap: 1,502m
- Published:
10 Oct 2019 -
Author:
Martin Schnee -
Pages:
2
Givaudan’s operating growth was additionally pushed by acquisitions, especially in Flavour. We assume there were some positive effects from higher sales prices for the established business, whereas new wins are expected to be calculated with higher input costs. Although it remains unclear whether higher sales prices really compensated for higher raw material prices, we expect a continuation of the positive H1 trend. The top-line came in slightly stronger than expected, whereas consensus