NINE MONTHS SALES 2012 - Continued good sales momentum

In the first nine months of 2012 Givaudan recorded sales of CHF 3,231m, an increase of 6.1% in local currencies and 8.8% in Swiss francs compared to the previous year.

Givaudan continues to demonstrate strong business momentum with a full project pipeline and win rates sustained at a high level.

Flavour Division sales were CHF 1,698m during the first nine months of 2012, an increase of 4.8% in local currencies and 7.7% in Swiss francs over the same period in 2011. The increased sales were as a result of new wins in key segments and volume growth of the existing business.

Sales expansion in the developing markets continued while the mature markets continued their good performance during the first nine months against very strong comparables. All segments continued to expand globally with strong performances in Beverage, Sweet Goods and Snacks.

Sales in Europe, Africa and the Middle East grew by 3.5% in local currencies for both the developing and mature markets. This was driven by high single digit growth in the developing markets of Africa and Eastern Europe coupled with moderate growth in the mature markets of Western Europe led by Great Britain. All business segments increased with the exception of Savoury. Growth of the existing business in Beverage and new wins in Snacks led the overall expansion in the region.

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