Givaudan: Good Start to the Year
Givaudan started the year with a good business momentum.
In the first three months of 2016, Givaudan recorded sales of CHF 1,152 million, an increase of 5.8% on a like‑for‑like basis, and 5.6% in Swiss francs compared to the previous year.
Givaudan started the year with a good business momentum, whilst the project pipeline and win rates were sustained at a high level. This good growth was achieved against relatively low comparables in 2015.
The Company’s 2020 ambition is to create further value through profitable, responsible growth. Capitalising on the success of the 2011-2015 strategy, Givaudan’s 2020 ambition is built on the three strategic pillars of growing with its customers; delivering with excellence; and partnering for shared success.
Ambitious financial targets are a fundamental part of Givaudan’s strategy. «We aim to outpace the market with 4-5% sales growth and a free cash flow of 12-17% of sales, both measured as an average over the five-year period of our strategy cycle. It is Givaudan’s intention to maintain its current dividend practice as part of this ambition.» said Givaudan.