In an operating environment which continues to be challenging, Givaudan sustained good business momentum while maintaining its operations and global supply chain at a high level, notes the company in its 2022 nine month sales report. While the company reported an overall sales increase of 6.1 %, its flavour business in North America fell 2.8 %.

In the first nine months of 2022, Givaudan recorded sales of CHF 5,458 m, of which, Taste & Wellbeing accounted for CHF 2,969 m, an increase of 6.4 %. Beverages, dairy, snacks, savoury and sweet goods were the major contributors to the growth. With higher input costs in 2022, the company insists that it’s fully on track in implementing price increases in collaboration with its customers to fully compensate for the increases in input costs. Additionally, Fragrance & Beauty sales were at CHF 2,489 m.

The company reports on a regional basis where sales in the Asia Pacific increased by 4.2 %, despite being impacted by the ongoing Covid-19 measures in China. Moreover, sales in Europe increased by 12.5 %, whereas it increased by 16.6 % in South Asia, Africa and the Middle East and 17.1 % in Latin America.

Gilles Andrier, CEO, says: “We are very pleased with our sustained solid growth across all of our businesses in what remains to be a challenging environment. We have demonstrated our strong focus on execution, in supporting the growth of our customers, whilst also leveraging our innovation capabilities to introduce new solutions which further strengthen our market leadership position in our chosen markets.”