Givaudan’s Q1 sales statement broadly confirmed our view on the company as the reported figures are a notch above our expectations and meet consensus. The pattern of the reported figures reflect some first effects of the pandemic. Q1 sales were up +6.1% to CHF1,619m and organic growth was +5.4% at the group level. Emerging markets (+8.9%) contributed the most as mature markets were up by +4.3% (to CHF946m).
08 Apr 2020
Good organic performance
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Good organic performance
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (GIN:LON) | 0 0 1.1% | Mkt Cap: 1,502m
- Published:
08 Apr 2020 -
Author:
Martin Schnee -
Pages:
2
Givaudan’s Q1 sales statement broadly confirmed our view on the company as the reported figures are a notch above our expectations and meet consensus. The pattern of the reported figures reflect some first effects of the pandemic. Q1 sales were up +6.1% to CHF1,619m and organic growth was +5.4% at the group level. Emerging markets (+8.9%) contributed the most as mature markets were up by +4.3% (to CHF946m).