Learn more

(Reuters) -Swiss fragrance and flavour maker Givaudan on Thursday reported 2023 core earnings in line with expectations, citing strong performance in its fragrances business despite a tough market environment. Full-year earnings before interest, taxes, depreciation and amortisation (EBITDA) fell 0.7% to 1.47 billion Swiss francs ($1.70 billion), matching analysts’ average forecast in a poll provided by the company. The Swiss group was offsetting steep increases in input cost with price hikes for the majority of 2023 amidst weak volumes due to inventory reductions and lower demand, though the d…

cuu