Givaudan’s plan to boost sales

By John Wood

- Last updated on GMT

Andrier is planning growth at Givaudan
Andrier is planning growth at Givaudan

Related tags: Business terms

European flavour and fragrances firm Givaudan has unveiled a five-year plan to grow the business organically and through acquisitions

The company is targeting organic sales growth averaging 4–5% a year for the next five years, and said it was looking to make acquisitions in the areas of integrated solutions for food and beverages, as well as health and well-being.

Growth and acquisitions

Givaudan chief executive Gilles Andrier said: “We intend to create further shareholder value through profitable growth and acquisitions. In order to create long-term value, we will capitalise on our market leadership, and most importantly continue to build close partnerships with our customers.”

Andrier added: “Over the next five years, we will be aiming for continued ambitious financial targets.”

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