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ZURICH, Oct 10 (Reuters) – Swiss fragrance and flavour maker
Givaudan confirmed its mid-term guidance on Thursday,
even as sales fell unexpectedly in the third quarter.
The company, which makes fragrances for Dior and Prada
perfumes, said sales fell 1.1 percent to 1.09 billion Swiss
francs ($1.2 billion) compared to 1.1 billion a year ago.
This fell short of the average analyst forecast for a 3.3
percent rise to 1.14 billion in a Reuters poll.
The Geneva-based firm confirmed its mid-term guidance of
between 4.5 and 5.5 percent underlying annual sales growth,
against average growth of about 2 to 3 percent for the market as
a whole.
