GENEVA—Givaudan reported that its group sales for the first six months of 2010 totaled CHF 2,199 million, an increase of 10.5% in local currencies and 10.2% in Swiss francs compared to the previous year. Developing markets sales reached 41% of group sales. Sales in the flavor division were CHF 1,182 million, an increase of 8.1% in local currencies and 7.8% in Swiss francs compared to the previous year.
The company reported that the flavor division grew across all four regions, and that increased business in the sweet goods, beverage and snack segments contributed to the strong sales. According to the company: “Strong high double-digit gains were reported in all developing markets, continuing the strong growth trends from the first quarter. The mature markets delivered an accelerated growth over the first quarter, driven by volume gains and new wins, particularly in North America.
The Flavour Division growth strategies continued to have a positive impact on performance as demonstrated by the double-digit growth in developing markets, Health and Wellness taste solutions and with key targeted accounts."
