|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||2,930.00 - 3,002.00|
|52-week range||2,930.00 - 3,002.00|
|Beta (5Y monthly)||0.33|
|PE ratio (TTM)||34.05|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
At flavour maker Givaudan's innovation centre near Zurich, veteran chef Sam Brunschweiler serves up a lamb shawarma dish that looks and tastes appropriately meaty but is made from pea protein. The Swiss company and competitors such as International Flavors & Fragrances and Symrise are vying to create the tastiest plant-based meat alternatives in a market that is growing fast on the back of consumer concerns about health, sustainability and animal welfare. Givaudan analyses how fat, proteins, sugars and water in meat produce different flavours when heated because "most of the flavour comes from the cooking", Garofalo said.
Givaudan, the global leader in the creation of fragrances and flavours, said its sales rose 3.1% on a like-for-like basis in the July-September quarter, supported by strong demand for household, health and personal care products during the COVID-19 pandemic.
Flavour and fragrance maker Givaudan said like-for-like sales growth accelerated to 3.1% in the third quarter as demand for items like toothpaste and soap held up and sales of perfume improved slowly. Like-for-like sales growth was 2.8% in the second quarter. The Swiss company has so far weathered the COVID-19 pandemic relatively well, but some areas of its portfolio, such as fragrances for perfumes and ingredients for products sold in restaurants or at airports, were hit, it said in a statement on Thursday.