Givaudan

Moody's has raised the outlook for Givaudan from 'stable' to 'positive'; the long-term issuer rating remains at Baa1 and the short-term rating at P-2. The agency points to continued strong operating performance and the resilience of the business in a difficult macroeconomic environment. Moody's expects Givaudan to continue reducing its debt while investing in growth. Givaudan's share price traded slightly lower at CHF 3,929.00 at times. » Mere på finanzen.net

Givaudan recorded 8.6% organic growth in the third quarter, benefiting mainly from the Fragrance & Beauty division, which rose 13.5% in Q3. The flavours business (Taste & Wellbeing) shows a slight recovery with 3.5% organic growth in Q3 but remained 2.8% below last year for the first nine months. The stock rose 6.7% after the results to CHF 3,723; crucial for the valuation now is whether the flavours business continues to recover and fine fragrances maintain their momentum to confirm the five‑year target of 4–6% organic growth. » Mere på finanzen.net

European stock markets were slightly higher, with the chemicals sector particularly strong. Givaudan rose 7.7 percent after strong quarterly results that, according to ZKB, show an impressive acceleration in growth. Technology stocks, especially semiconductors, lagged behind, while luxury shares fell after disappointing numbers from LVMH. » Mere på finanzen.net

Givaudan has opened a fragrance development centre in Casablanca with laboratories and areas for development, marketing and sales, thereby expanding its presence in Morocco that dates back to March 2025. From Casablanca the company will serve customers in the Maghreb and West Africa and accelerate the development of products for laundry and cleaning, personal care and perfumes. » Mere på finanzen.net

Givaudan led the winners in the SMI after Deutsche Bank raised its price target and reiterated its buy recommendation. The SMI closed 0.2 percent higher at 14,395 points, supported by gains in Logitech, Partners Group and Roche. At the same time, Swiss inflation rose to 0.8 percent in August, weighing on market sentiment, while Treasury yields and the US dollar eased. » Mere på finanzen.net