Firmenich has announced “strong results” for its fiscal year 2017, as it recorded CHF3.34 billion in net sales, up 4.4% in Swiss Francs, on the back of a year off strategic breakthroughs,
Firmenich announces strong results as sales rise 4.4%
Firmenich has announced “strong results” for its fiscal year 2017, as it recorded CHF3.34 billion in net sales, up 4.4% in Swiss Francs.
“This has been a year of strategic breakthroughs for Firmenich, driven by our cutting-edge innovation, award-winning creation and reinforced leadership in sustainability”, said Patrick Firmenich, Chairman of the Board, Firmenich. “I would like to extend my deepest thanks to Gilbert and his team for driving Firmenich’s excellence forward for our customers and society.”
“We owe our strong performance to the trust of our customers who inspire our teams to push our leading innovation and creativity forward every day”, said Gilbert Ghostine, CEO, Firmenich. “Building on our commitment to the UN SDGs, I am proud of how we put our expertise to work to address key societal challenges this year, such as improving access to sanitation and nutrition, while reinforcing our excellence in naturals and environmental management”.
Firmenich reinforced its commitment to Geneva, Switzerland this year, as it announced over CHF160 million in investments. The Group inaugurated its new perfumery plant in November, representing a CHF60m investment and announced its intention to invest over CHF00m to create a campus of excellence in Geneva with a world-class research facility by 2020. In parallel, to support its international growth, Firmenich opened new facilities in Nigeria, Korea, Mexico, Singapore and the United States this year.
Firmenich says it is committed to being a catalyst for responsible nutrition. Advancing its Taste Modulation technologies to reduce sugar, salt and fat without compromising on taste, the Group claims its sweetness-enhancing solutions removed approximately 100,000 metric tons of sugar, equivalent to 500 billion calories, from food and beverages this year.
Firmenich took a majority equity stake in Essex Laboratories based in Oregon, United States, to offer tailor-made, sustainable and traceable natural mint solutions.