Our 2009 fiscal year was marked by a global recession. Consumer goods were most resistant to the downturn, as consumers continued to eat and drink, wash and clean, while Fine Fragrance was affected by a lower demand. The Group nevertheless preserved its financial strength and maintained key investments to respond to futur client consumer needs.

The challenges of a global economic crisis drove our focus on innovation. Thirty-two new patent applications for new fragrance and flavor ingredients, unique delivery systems and original processes were filed during the year, while our perfumers and flavorists continued to create the great fragrances and tastes that are the hallmark of the Firmenich Group.

Similarly, the global recession did not slow our progress on ensuring we practice sustainable behaviors in our daily operations. In particular, we were awarded the DuPont Safety Award for Felt Leadership in October 2008 and we already exceeded three of our five 2010 Environmental Goals against the FY 2005 baseline.

Read more about our Resulty in our 2009 Annual Report