Givaudan Active Beauty sales in the first three months of 2022 grew by 8.2% year on year on a like-for-like basis.
The Swiss multinational manufacturer as a whole recorded sales of CHF 1,780 million, an increase of 4.6% on a like-for-like basis and 6.4% in Swiss francs.
Fragrance & Beauty sales were CHF 810 million, an increase of 2.7% on a like-for-like basis and an increase of 2.8% in Swiss francs.
Givaudan said that it will continue to implement price increases in collaboration with its customers to fully compensate for the increase in input costs it is experiencing this year.
“We are very pleased with the good start that we have made to 2022, despite the challenging external environment affecting many parts of our business,” said Givaudan chief executive Gilles Andrier.
“Our good sales growth of 4.6% on a like-for-like basis has been achieved against a strong prior year comparable growth of 7.7% on a like-for-like basis, and demonstrates the strength of our business and of our organisation in supporting our customers around the world.”
Like-for-like basis is defined as: (a) sales calculated using the invoicing exchange rates of the prior year, (b) excluding sales of businesses acquired from the acquisition date until the period end date, up to 12 months from the acquisition date, and (c) excluding sales of the businesses disposed of from the disposal date until the period end date of the comparable prior period.
