Thanks to the strong start into 2020, Givaudan’s H1 figures do not look too bad, but Q2 saw some weaker dynamics in both divisions. Flavours could not fully benefit from the new cooking at home trend. Reported figures were a notch better than expected as Fragrances’ margin improved contrary to our estimates, pushed by recent acquisitions. Consensus was beaten at this line.
21 Jul 2020
Decelerated organic performance qoq
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Decelerated organic performance qoq
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (GIN:LON) | 0 0 1.1% | Mkt Cap: 1,502m
- Published:
21 Jul 2020 -
Author:
Martin Schnee -
Pages:
3
Thanks to the strong start into 2020, Givaudan’s H1 figures do not look too bad, but Q2 saw some weaker dynamics in both divisions. Flavours could not fully benefit from the new cooking at home trend. Reported figures were a notch better than expected as Fragrances’ margin improved contrary to our estimates, pushed by recent acquisitions. Consensus was beaten at this line.