Winning in South East Asia
Givaudan’s business prospects in the promising markets of the South East Asia region was the focus of the Company’s 18th traditional half year conference for investor analysts, held on 30 August in Zurich.
Over 60 participants attended to hear of the Company’s current business activities and plans to capitalise on the region’s potential.
CEO Gilles Andrier reviewed the 2018 Half Year Results and gave an outlook on the business generally. Sales for the first six months of the year were CHF 2,674 million, an increase of 5.6% on a like-for-like basis and 7.7% in Swiss francs.
He confirmed the continued recovery in high growth markets with sales growth balanced between high growth and mature markets, with all acquired businesses demonstrating strong growth profile.
Special guest speakers Fernando Miquelerana for Flavours and Ben Webb for Fragrances gave presentations on Givaudan’s business in the high growth markets of the region – Indonesia, Philippines, Malaysia, Thailand and Vietnam.
The South East Asia region has some of the biggest and fastest growing markets for Givaudan. In Indonesia, for example, the low urbanisation rates as well as the small number of people in the middle class represent a substantial future potential for the Company’s products and services. Today, Indonesia represents 4% of Group sales, similar to India, the Middle East, Brazil, Mexico, Japan and the UK and Ireland. It ranks in the top ten countries of the Givaudan Group.
In October, the 2018 Investor days event will continue this focus on high growth markets. The event will be held in Jakarta, where analysts will visit Givaudan’s new creation and application laboratories, and hear ‘on the ground’ of the Company’s business prospects.
If you would like to have a copy of the investor presentation,
> please contact us