Fragrance Maker Givaudan’s Core Profit Falls

Swiss fragrance and flavours maker Givaudan’s core profit fell 6.6 percent in the first half of 2023, weighed down by subdued demand in its taste and wellbeing unit, particularly in North America.

First-half earnings before interest, taxes, depreciation and amortisation (EBITDA) came in at 763 million Swiss francs ($891.25 million), slightly beating an analyst forecast of 751 million francs compiled by the company.

Givaudan’s taste and…