Givaudan posts flat sales in third quarter, beats estimates

摘要

Givaudan says its sales were flat year-on-year (YOY) in the third quarter at 1.57 billion Swiss francs ($1.71 billion), beating analysts' consensus estimate by 38 basis points (BPS) on organic sales growth, but missing on sales due to bigger-than-expected currency effects. The company says it achieved growth across most product segments and geographies, and that it maintained its operations and global supply chain with minimal disruption, despite the impact of COVID-19.