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In its nine-month report for 2017, Givaudan
reported sales of CHF 3,757 million, a 3.5% increase
on a like-for-like basis.
In both its fragrance and flavor divisions, the
Swiss F&F manufacturer reported strong growth. Its
fragrance division saw sales of CHF 1,740 million,
an increase of 2.2% on a like-for-like basis, while the
flavor segments sales were CHF 2,017 million, a 4.7%
increase on a like-for-like basis.
Growth in Flavor and Fragrance
Customer groups in mature markets led growth in
the fragrance segments. The Latin America market
grew against last year’s double-digits sales, and North
America recorded growth in all customer groups.
However, fragrance sales in Asia decreased overall.
Growth in South Asia markets were unable to offset
losses in North and South East Asia markets.
For its flavor division, growth was attributed
to strong business expansion in North America,
Europe, the Middle East and Africa. North America
saw the strongest growth, with an 8.6% increase on
a like-for-like basis, led by growth in dairy, beverages and savory. Additionally, sales in Europe, Africa
and the Middle East saw an increase of 4.8% on
a like-for-like basis, which was a result of strong
performance in the savory and beverages category.
However, Latin America sales decreased by 2.4% on
a like-for-like basis against 17.9% growth in 2016.
Contributing to the decline was the challenging
economic environment in Brazil.
Givaudan Releases Details on 2017 Growth
Reaffirming 2020 Goals
These financial results are in line with Givaudan’s
2020 goal of creating further value through profitable
and responsible growth. Started in 2016, Givaudan
put in place a three-pillar approach to growth, which
focused on growing with its customers, delivering
excellence and partnering for share success. To
help achieve these goals, Givaudan acquired Vika
B.V. and announced the acquisition of the nutrition
division of the Centroflora Group.
FONA International Appoints Amy McDonald as President
Flavor solution manufacturer FONA International has
appointed Amy McDonald
to the role of president, after
working with the company for
over a decade.
“I’m privileged to name
Amy as president. The Slawek
family and I are very excited
for FONA’s future under her
leadership,” said Joe Slawek,
FONA chairman and CEO.
“Amy has a profound natural competency in tactical
matters, in people matters and in strategic matters.
All of this comes together to make Amy the success-
ful leader that we observe every day.”
Prior to the appointment, McDonald worked for
over 30 years in the food industry. She joined FONA
back in 2006, where she helped guide FONA’s effort
to develop innovative programs and processes to
serve customer needs.
“I’m so grateful to the Slawek family, not only
for the opportunity to serve but for their dream and
persistence in building this amazing company. Their
vision has led to 30 years of record-setting growth
and excellence. I’m truly honored to carry that vision
forward,” said McDonald.