FIRMENICH PUBLISHES 2014 ANNUAL RESULTS
Firmenich posted dynamic sales growth this year, with a sharp focus on innovation, continued geographic expansion and recognized thought-leadership in sustainability.
Geneva, Switzerland, October 8th, 2014 – For its fiscal year ended June 30, 2014, Firmenich posted sales of CHF 2.952 billion, an increase of +7% in local currencies and +2% in Swiss Francs, its reporting currency. The company recorded increases in all business segments and in all geographic regions, as it vigorously pursued growth opportunities in both developed and high-growth markets. Also, Firmenich sharpened its focus on innovation this year as it strengthened its portfolio with increasing technology-driven solutions.
Firmenich continued to expand its global presence during the year, inaugurating a new state-of-the-art manufacturing facility near Jakarta, Indonesia, as part of its Flavor encapsulated product strategy; opening a new development center with cutting-edge laboratories in Mumbai, India to increase its creation capabilities for customer-tailored solutions in Asia; and expanding its presence in China with new offices in Guangzhou.
Determined to remain a leader in innovation, Firmenich continued to invest 10 percent of its annual turnover in research and filed 23 new patent applications during the year. This led to the development of new solutions to enhance consumer experiences; contribute to improving health and nutrition; support global hygiene and sanitation; and further the uniqueness of its ingredient palette, in particular with the launch of its new biotechnology ingredient, Clearwood™.
In addition, Firmenich launched its ninth annual independently validated sustainability report. The company made solid progress on all tracked environmental indicators compared with its fiscal year 2009 baseline, bringing Firmenich closer to meeting its strategic 2015 sustainability goals. In fiscal year 2014, Firmenich also improved its industry leading safety performance by a further 37%.
Firmenich is the world’s largest privately-owned company in the fragrance and flavor business. Founded in Geneva, Switzerland, in 1895, it has created many of the world’s best-known perfumes and flavors that billions of consumers enjoy each day. Its passion for smell and taste is at the heart of its success. Firmenich is renowned for its creativity and innovation as well as its exceptional understanding of consumer trends. Each year, Firmenich invests around 10% of its turnover in R&D, reflecting its continuous desire to understand, share and sublimate the best that nature has to offer. Firmenich had an annual turnover of 2.95 billion Swiss Francs at end June 2014. More information about Firmenich is available at www.firmenich.com For more information, please contact: Corporate Communication, Nollaig Forrest: Nollaig.email@example.com