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Givaudan jumps on fragrance outperformance; peers follow

By Reuters News16 hours ago Updated

** Givaudan GIVN.S shares rise 6.9% to their highest point since July 2025 after the Swiss fragrance and flavour maker's third-quarter organic sales beat expectations, driven by its fragrance division

** Q3 like-for-like sales grew 8.6% against 4.7% company-compiled consensus

** Growth at its fragrance arm reached 13.5%, with Vontobel analyst Arben Hasanaj pointing to a "phenomenal, broad re-acceleration" in fine fragrance sub-segment

** "We expect momentum to continue into Q4 and see modest upside risk to consensus EBITDA forecasts for 2026," Davy Research says in a note

** Peers DSM-Firmenich DSFIR.AS, Novonesis and Symrise SY1G.DE rise between 1% and 3% in early morning trade

** Givaudan shares top pan-European STOXX 600 .STOXX index

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