2019 Half year conference
Today, Givaudan welcomed over 70 participants at the 19th traditional half year conference in Zurich, with a focus on its expansion into active cosmetics and becoming a key player in this industry.
CEO Gilles Andrier explained that building the active cosmetics business was fully in line with the Company’s 2020 strategy, adding: “Today our customers appreciate the fusing of science and nature for innovative cosmetic solutions and our Active Beauty business is well on track to achieve our ambitious sales target that we set out in our 2020 strategy.”
Fabrice Lefèvre, Marketing and Innovation Director of Active Beauty, told the conference the business looked to the natural world for inspiration. “We draw upon the extraordinary benefits and properties of plants, microorganisms and vegetable sources, translating these with the latest sustainable biotechnologies into highly functional, high-performance products,” Lefèvre told in a conference presentation, ‘From perfumes to cosmetics’.
“We unlock the skincare benefits of active ingredients sourced naturally. Our sustainability approach enables brands to develop new fully natural formulations expected by consumers nowadays,” he said.
The active cosmetic ingredients industry is worth CHF one billion. Givaudan currently has sales of about CHF 80 million and aims to increase this to 100 million by 2020, once again demonstrating Givaudan's strong track record of acquiring companies and growing above the market.
Givaudan is the global leader in the creation of flavours and fragrances. In close collaboration with food, beverage, consumer product and fragrance partners, Givaudan develops tastes and scents that delight consumers the world over. With a passion to understand consumers’ preferences and a relentless drive to innovate, Givaudan is at the forefront of creating flavours and fragrances that ‘engage your senses’. The Company achieved sales of CHF 5.5 billion in 2018. Headquartered in Switzerland with local presence in almost 150 locations, the Company has more than 13,500 employees worldwide. Givaudan invites you to discover more at www.givaudan.com.
For further information please contact
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093