Givaudan’s trading statement gave a mixed picture as its businesses reported a strong organic growth primarily driven by emerging markets and well supported by mature markets. But the party was muted when the development was reported in CHF. The appreciation of the Swiss franc will be an issue in 2021, especially in H1.
The strong organic momentum exceeded our slightly moderate expectations and was above consensus.
13 Apr 2021
Mixed going into 2021
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Mixed going into 2021
- Published:
13 Apr 2021 -
Author:
Martin Schnee -
Pages:
3
Givaudan’s trading statement gave a mixed picture as its businesses reported a strong organic growth primarily driven by emerging markets and well supported by mature markets. But the party was muted when the development was reported in CHF. The appreciation of the Swiss franc will be an issue in 2021, especially in H1.
The strong organic momentum exceeded our slightly moderate expectations and was above consensus.