ZURICH, Oct 10 (Reuters) - Swiss fragrance and flavour maker Givaudan maintained its 2020 financial targets after third-quarter sales rose 5.7 percent on a like-for-like basis to 1.27 billion Swiss francs ($1.3 billion).
“The company continues to successfully implement price increases in collaboration with its customers to compensate the increases in input costs,” Givaudan said in a statement on Tuesday. “The company reaffirms its 2020 ambition to create further value through profitable, responsible growth.”
Analysts polled by Reuters had on average expected sales of 1.24 billion francs.
$1 = 0.9780 Swiss francs Reporting by Joshua Franklin; Editing by Michael Shields