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. » Más en 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. » Más en 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. » Más en finanzen.net