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Givaudan records solid beauty sales growth in first nine months of 2022

Givaudan recorded a 10.2% increase in sales in its Fragrance Ingredients and Active Beauty business unit in the first nine months of 2022 from a year earlier.

The Swiss firm said Active Beauty saw single-digit growth against a high double-digit comparable growth in 2021.

Sales in Givaudan's overall fragrance and beauty business, including consumer products and fine fragrances as well as Fragrance Ingredients and Active Beauty, were 2.489 billion Swiss francs - an increase of 5.8% on a like-for-like basis and 5.9% in Swiss francs.

Givaudan recorded overall group sales of 5.458 billion Swiss francs in the period, an increase of 6.1% on a like-for-like basis and 7.7% in Swiss francs.

Across all businesses and customer groups, Givaudan said, the growth was supported by the increased impact in the third quarter of the pricing actions implemented with customers to compensate for the increases in input costs.

“We are very pleased with our sustained solid growth across all of our businesses in what remains to be a challenging environment,” added CEO Gilles Andrier.

“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,” he added.

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in-cosmetics Global

Paris Expo Porte de Versailles
16th – 18th April 2024

NYSCC Suppliers' Day 2024

Javits Center, New York
1st - 2nd May 2024

9th Anti-Ageing Skin Care Conference

Royal College of Physicians, London
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Hall C, Coex, Seoul, South Korea
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in-cosmetics Latin America 2024

São Paulo, Brazil
25th - 26th September 2024

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Access the latest issue of Personal Care Magazine on your mobile device together with an archive of back issues.

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