By Pierre BertrandGivaudan SA said Thursday that first-quarter sales declined slightly amid high input costs, but that it started the year with good momentum. The Swiss flavor-and-fragrance company said its sales in the first three months of the year were 1.77 billion Swiss francs ($1.98 billion), compared with CHF1.78 billion a year earlier. On a like-for-like basis, Givaudan made CHF1.84 billion in first-quarter sales. Analysts had expected the company to report CHF1.8 billion in first-quarter sales and like-for-like growth of 2.6%, according to a company-provided consensus. (END) Dow Jones Newswires04-13-23 0235ETCopyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal April 13, 2023 06:41 UTC