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.
