Firmenich posts double-digit growth

Sales jump 12.1% in 2010 fiscal year

Fragrance and flavour house Firmenich has announced record sales of CHF2.87bn for the fiscal year, ended 30th June 2010. Sales jumped 12.1% in local currencies and 8.7% in Swiss Francs.

The group’s perfumery sales registered double digit growth, with a particularly strong rebound in fine fragrance sales during the second half of the year, according to the company. Perfume ingredients sales also performed strongly.

Growth was strongest in emerging markets and Firmenich has invested heavily in these regions over the last year. A new affiliate was opened in Dubai, while a perfume and flavour development centre was opened in Brazil to serve Latin America. And in India a new perfume ingredients plant has been built to support the company’s global perfumery business.

Firmenich has also published details of its five-year sustainability plan, which ran from 2005 to 2010. It says all seven sustainability goals were met and exceeded, and that new goals have been set for 2015 including further reductions in environmental indicators, more safety improvements and a target of 90% of manufacturing facilities to be partially powered by renewable energy by 2015.