Perfume Demand Offsets Food Division Slump as Givaudan Tops Q1 Sales Estimates
Givaudan reported first-quarter sales of 1.88 billion Swiss francs, rising 2.8% on a like-for-like basis and outperforming analyst consensus. Strong performance in the Fragrance & Beauty division, led by Fine Fragrance and Consumer Products, masked a slight contraction in Taste & Wellbeing and a notable currency headwind that pushed reported sales …