ZURICH (Reuters) – Swiss fragrance and flavour maker Givaudan on Friday said it would pass higher costs on to customers this year after a posting a weaker-than-expected rise in net profit and dividend for 2021.
Net profit rose 10.5% to 821 million Swiss francs ($883.18 million) last year, leading the Geneva-based group to propose a dividend of 66 francs per share, Givaudan said in a statement. This was short of a forecast for a 863 million franc profit and a 67.1 franc dividend in a Refinitiv poll.
($1 = 0.9296 Swiss francs)
(Reporting by Silke Koltrowitz; Editing by Paul Carrel)
