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<p>瑞士香料和香精製造商奇華頓報告了強於預期的第一季度銷售增長，得益於其香料和消費品部門的強勁需求。</p>
<p>該公司表示，其同店銷售在本季度增長了 2.8%。</p>
<p>這一數據不包括貨幣波動、收購和處置的影響。</p>
<p>這一數字高於公司編制的 1.9% 的共識預測。</p>
<p>分析師指出，增長几乎完全是由更高的銷量推動，而非價格。</p>
<p>這表明基礎需求在關鍵領域保持了韌性。</p>
<p>奇華頓的股價上漲了 5.6%，達到了一個多月來的最高水平。</p>
<h2>香料和美容如何推動增長？</h2>
<p>該公司的香料與美容部門成為主要的增長驅動力。</p>
<p>該部門的同店銷售增長了 5.9%，超出了 4.1% 的共識預期。</p>
<p>該部門為香水和家居產品生產香料。</p>
<p>增長得益於除臭劑市場和家居護理領域的強勁需求。</p>
<p>據路透社報道，摩根大通分析師 Celine Pannuti 表示，結果 “為香料和美容開了個好頭”。</p>
<p>她補充説，這一表現可能對其他美容公司產生積極影響。</p>
<p>香料的持續強勁反映了消費者偏好高端個人護理和家居產品的更廣泛趨勢。</p>
<h2>口味和健康部門面臨什麼挑戰？</h2>
<p>儘管香料表現強勁，奇華頓的口味和健康部門卻表現不佳。</p>
<p>該部門為食品和飲料提供香料。</p>
<p>該部門的有機銷售在本季度下降了 0.4%。</p>
<p>南亞、中東和非洲的降幅最大，銷售下降了 7.1%。</p>
<p>這種疲軟突顯了各地區和類別之間需求的不均衡。</p>
<p>雖然與美容相關的消費品表現出韌性，但某些市場的食品相關領域卻面臨困境。</p>
<p>自 2022 年底以來，這兩個部門之間的差異一直顯而易見，香料與美容部門持續優於口味與健康部門。</p>
<h2>貨幣如何影響整體業績？</h2>
<p>奇華頓的銷售額下降了 5.2%，降至 18.8 億瑞士法郎。</p>
<p>下降主要是由於 9.2% 的貨幣逆風。</p>
<p>瑞士法郎的升值對報告收入造成了重大壓力，抵消了基礎增長。</p>
<p>貨幣波動仍然是像奇華頓這樣的全球公司的主要風險。即使是強勁的運營表現也可能被不利的外匯波動所掩蓋。</p>
<h2>對價格和利潤率的展望是什麼？</h2>
<p>奇華頓表示，將在 2026 年實施價格上漲，以抵消不斷上升的投入成本。</p>
<p>正如路透社報道中提到的，Pannuti 指出，這一舉措表明 “未來幾個季度價格將逐步加速”。</p>
<p>這表明，儘管銷量在第一季度推動了增長，但價格可能在未來變得更加重要。</p>
<p>該公司在不影響需求的情況下轉嫁更高成本的能力將在接下來的季度中受到密切關注。</p>
<h2>這對投資者意味着什麼？</h2>
<p>奇華頓最新的業績反映出一個複雜的局面。</p>
<p>對香料的強勁需求正在支持增長。</p>
<p>然而，食品成分業務的疲軟和貨幣壓力仍然是挑戰。</p>
<p>該公司的表現突顯了投資組合多樣化的重要性。</p>
<p>它還強調了各類別之間消費者需求趨勢的變化。</p>
<p>目前，香料部門繼續引領潮流。</p>
<p>奇華頓超越銷售預期，香料需求推動股價上漲的文章首發於 Invezz。</p>

奇華頓(ADR)

<p>奇華頓報告第一季度銷售額增長 2.8%，超過預期的 1.9%，主要得益於其香水和美容部門的強勁需求，該部門增長了 5.9%。股價上漲了 5.6%。然而，味覺和健康部門的有機銷售下降了 0.4%，特別是在南亞和中東地區。貨幣波動對整體銷售產生了負面影響，銷售額下降了 5.2%，降至 18.8 億瑞士法郎。奇華頓計劃在 2026 年提高價格以應對成本上升，表明可能會轉向以定價作為增長驅動因素</p>

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<p>Swiss fragrance and flavour maker Givaudan reported stronger-than-expected first-quarter sales growth, supported by robust demand in its fragrance and consumer products segment.</p>
<div class="lb-trans"><p>瑞士香料和香精製造商奇華頓報告了強於預期的第一季度銷售增長，得益於其香料和消費品部門的強勁需求。</p>
</div><p>The company said its LFL sales rose 2.8% in the quarter.</p>
<div class="lb-trans"><p>該公司表示，其同店銷售在本季度增長了 2.8%。</p>
</div><p>This excludes the impact of currency fluctuations, acquisitions, and disposals.</p>
<div class="lb-trans"><p>這一數據不包括貨幣波動、收購和處置的影響。</p>
</div><p>This figure came in above a company-compiled consensus forecast of 1.9%.</p>
<div class="lb-trans"><p>這一數字高於公司編制的 1.9% 的共識預測。</p>
</div><p>Analysts noted that the growth was driven almost entirely by higher volumes rather than pricing.</p>
<div class="lb-trans"><p>分析師指出，增長几乎完全是由更高的銷量推動，而非價格。</p>
</div><p>This suggests that underlying demand remained resilient across key segments.</p>
<div class="lb-trans"><p>這表明基礎需求在關鍵領域保持了韌性。</p>
</div><p>Givaudan shares rose 5.6%, hitting their highest level in more than a month.</p>
<div class="lb-trans"><p>奇華頓的股價上漲了 5.6%，達到了一個多月來的最高水平。</p>
</div><h2>How did fragrance and beauty drive growth?</h2>
<div class="lb-trans"><h2>香料和美容如何推動增長？</h2>
</div><p>The company’s fragrance &amp; beauty division emerged as the main growth driver.</p>
<div class="lb-trans"><p>該公司的香料與美容部門成為主要的增長驅動力。</p>
</div><p>Like-for-like sales in the segment increased 5.9%, beating the consensus estimate of 4.1%.</p>
<div class="lb-trans"><p>該部門的同店銷售增長了 5.9%，超出了 4.1% 的共識預期。</p>
</div><p>This division produces scents for perfumes and household products.</p>
<div class="lb-trans"><p>該部門為香水和家居產品生產香料。</p>
</div><p>Growth was supported by strong demand across the deodent market and home care segments.</p>
<div class="lb-trans"><p>增長得益於除臭劑市場和家居護理領域的強勁需求。</p>
</div><p>As reported by Reuters, JP Morgan analyst Celine Pannuti said the results “signal a good start to the year for fragrances and beauty.”</p>
<div class="lb-trans"><p>據路透社報道，摩根大通分析師 Celine Pannuti 表示，結果 “為香料和美容開了個好頭”。</p>
</div><p>She added that the performance could provide a positive read-across for other beauty companies.</p>
<div class="lb-trans"><p>她補充説，這一表現可能對其他美容公司產生積極影響。</p>
</div><p>The continued strength in fragrances highlights a broader consumer trend favouring premium personal care and home products.</p>
<div class="lb-trans"><p>香料的持續強勁反映了消費者偏好高端個人護理和家居產品的更廣泛趨勢。</p>
</div><h2>What weighed on the taste and well-being unit?</h2>
<div class="lb-trans"><h2>口味和健康部門面臨什麼挑戰？</h2>
</div><p>Despite strong performance in fragrances, Givaudan’s taste and well being division underperformed.</p>
<div class="lb-trans"><p>儘管香料表現強勁，奇華頓的口味和健康部門卻表現不佳。</p>
</div><p>This segment supplies flavours for food and beverages.</p>
<div class="lb-trans"><p>該部門為食品和飲料提供香料。</p>
</div><p>Organic sales in the unit declined 0.4% during the quarter.</p>
<div class="lb-trans"><p>該部門的有機銷售在本季度下降了 0.4%。</p>
</div><p>The sharpest drop was recorded in South Asia, the Middle East, and Africa, where sales fell 7.1%.</p>
<div class="lb-trans"><p>南亞、中東和非洲的降幅最大，銷售下降了 7.1%。</p>
</div><p>This weakness highlights uneven demand across regions and categories.</p>
<div class="lb-trans"><p>這種疲軟突顯了各地區和類別之間需求的不均衡。</p>
</div><p>While consumer goods linked to beauty showed resilience, food-related segments struggled in certain markets.</p>
<div class="lb-trans"><p>雖然與美容相關的消費品表現出韌性，但某些市場的食品相關領域卻面臨困境。</p>
</div><p>The divergence between the two divisions has been visible since late 2022, with fragrance &amp; beauty consistently outperforming taste &amp; wellbeing.</p>
<div class="lb-trans"><p>自 2022 年底以來，這兩個部門之間的差異一直顯而易見，香料與美容部門持續優於口味與健康部門。</p>
</div><h2>How did currency impact overall results?</h2>
<div class="lb-trans"><h2>貨幣如何影響整體業績？</h2>
</div><p>Givaudan’s sales fell 5.2% to 1.88 billion Swiss francs.</p>
<div class="lb-trans"><p>奇華頓的銷售額下降了 5.2%，降至 18.8 億瑞士法郎。</p>
</div><p>The decline was largely due to a 9.2% currency headwind.</p>
<div class="lb-trans"><p>下降主要是由於 9.2% 的貨幣逆風。</p>
</div><p>The strengthening Swiss franc weighed heavily on reported revenues, offsetting underlying growth.</p>
<div class="lb-trans"><p>瑞士法郎的升值對報告收入造成了重大壓力，抵消了基礎增長。</p>
</div><p>Currency fluctuations remain a key risk for global companies like Givaudan. Even strong operational performance can be overshadowed by adverse forex movements.</p>
<div class="lb-trans"><p>貨幣波動仍然是像奇華頓這樣的全球公司的主要風險。即使是強勁的運營表現也可能被不利的外匯波動所掩蓋。</p>
</div><h2>What is the outlook for pricing and margins?</h2>
<div class="lb-trans"><h2>對價格和利潤率的展望是什麼？</h2>
</div><p>Givaudan said it is implementing price increases in 2026 to offset rising input costs.</p>
<div class="lb-trans"><p>奇華頓表示，將在 2026 年實施價格上漲，以抵消不斷上升的投入成本。</p>
</div><p>As mentioned in the Reuters report, Pannuti noted that this move points to “a progressive price acceleration in the coming quarters.”</p>
<div class="lb-trans"><p>正如路透社報道中提到的，Pannuti 指出，這一舉措表明 “未來幾個季度價格將逐步加速”。</p>
</div><p>This suggests that while volumes drove growth in the first quarter, pricing could become a more important lever going forward.</p>
<div class="lb-trans"><p>這表明，儘管銷量在第一季度推動了增長，但價格可能在未來變得更加重要。</p>
</div><p>The company’s ability to pass on higher costs without affecting demand will be closely watched in the upcoming quarters.</p>
<div class="lb-trans"><p>該公司在不影響需求的情況下轉嫁更高成本的能力將在接下來的季度中受到密切關注。</p>
</div><h2>What does this mean for investors?</h2>
<div class="lb-trans"><h2>這對投資者意味着什麼？</h2>
</div><p>Givaudan’s latest results reflect a mixed picture.</p>
<div class="lb-trans"><p>奇華頓最新的業績反映出一個複雜的局面。</p>
</div><p>Strong demand for fragrances is supporting growth.</p>
<div class="lb-trans"><p>對香料的強勁需求正在支持增長。</p>
</div><p>However, weakness in the food ingredients business and currency pressures remain challenges.</p>
<div class="lb-trans"><p>然而，食品成分業務的疲軟和貨幣壓力仍然是挑戰。</p>
</div><p>The company’s performance highlights the importance of portfolio diversification.</p>
<div class="lb-trans"><p>該公司的表現突顯了投資組合多樣化的重要性。</p>
</div><p>It also underlines shifting consumer demand trends across categories.</p>
<div class="lb-trans"><p>它還強調了各類別之間消費者需求趨勢的變化。</p>
</div><p>For now, the fragrance segment continues to lead the way.</p>
<div class="lb-trans"><p>目前，香料部門繼續引領潮流。</p>
</div><p>The post Givaudan beats sales estimates as fragrance demand lifts shares appeared first on Invezz</p>
<div class="lb-trans"><p>奇華頓超越銷售預期，香料需求推動股價上漲的文章首發於 Invezz。</p>
</div>

Givaudan beats sales estimates as fragrance demand lifts shares

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由於香水需求的增長，奇華頓 (ADR) 的銷售額超出預期，推動了股價上漲