Givaudan’s FY figures were pretty much in-line with our expectations, but profitability suffered from the higher share of the CHF170 costs for the Givaudan Business Solutions programme, which had been guided lower. Business looks in a good shape. Higher raw material costs might not be passed through the way they have to in order to protect margins.
28 Jan 2018
Higher organic growth, but also higher COGS
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Higher organic growth, but also higher COGS
SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (GIN:LON) | 0 0 1.1% | Mkt Cap: 1,502m
- Published:
28 Jan 2018 -
Author:
Martin Schnee -
Pages:
3
Givaudan’s FY figures were pretty much in-line with our expectations, but profitability suffered from the higher share of the CHF170 costs for the Givaudan Business Solutions programme, which had been guided lower. Business looks in a good shape. Higher raw material costs might not be passed through the way they have to in order to protect margins.