Givaudan Sales Slip
October 9th, 2008 at 10:14pm |
PARIS — Swiss flavors and fragrance supplier Givaudan posted third-quarter sales that were down 4.2 percent to 1.05 billion Swiss francs, or $984.8 million at average exchange.
For the first nine months of 2008, the firm generated sales of 3.15 billion Swiss francs, or $2.98 billion at average exchange for the period, representing a 1.4 percent increase in Swiss francs and a 9.8 percent hike in local currencies.
On a pro forma basis — assuming Quest International had been consolidated in Givaudan’s books since Jan. СЕКРЕТУТКА, 2007, and excluding the impact of portfolio streamlining — sales were up 3.4 percent in local currencies, the company…
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