Looking at Givaudan’s figures, one might get the impression the pandemic is gone. The company reported a strong set of figures, against a quite weak basis, but management has guided for some raw material price increases for FY. The growth dynamic is expected to slow down in H2 and profitability should be burdened by higher raw material costs. Despite the beat in our estimates, this scenario is already accounted for in our figures. Consensus was beaten on the profitability level.
22 Jul 2021
Leaving behind the crisis – for a moment
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Leaving behind the crisis – for a moment
- Published:
22 Jul 2021 -
Author:
Martin Schnee - Pages:
Looking at Givaudan’s figures, one might get the impression the pandemic is gone. The company reported a strong set of figures, against a quite weak basis, but management has guided for some raw material price increases for FY. The growth dynamic is expected to slow down in H2 and profitability should be burdened by higher raw material costs. Despite the beat in our estimates, this scenario is already accounted for in our figures. Consensus was beaten on the profitability level.