Givaudan Raises Dividends After 2020 Profits Rose
29 Janeiro 2021 - 4:51AM
Dow Jones News
By Pietro Lombardi
Givaudan SA is increasing its dividend after posting a slight
growth in profit for last year and achieving its targets.
The Swiss flavor-and-fragrance company said Friday that net
profit for last year was 743 million Swiss francs ($836.2 million)
compared with CHF702 million a year earlier.
Sales also rose to CHF6.32 billion from CHF6.20 billion.
Givaudan is raising dividends by 3.2% to CHF64 a share.
The company has achieved the targets it had set in its 2016-20
strategy, it said.
Looking ahead, it targets organic sales growth of 4%-5% on a
like-for-like basis and free cash flow of at least 12% through
2025, both goals measured as an average over the five-year
period.
Write to Pietro Lombardi at pietro.lombardi@wsj.com;
@pietrolombard10
(END) Dow Jones Newswires
January 29, 2021 02:36 ET (07:36 GMT)
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