UPDATE 2-Givaudan sees no signs of slowdown in emerging markets

jueves 17 de julio de 2014 05:12 GYT

* H1 net profit up 13 pct to 305 mln Sfr

* Ahead of 276 mln Sfr poll estimate

* H1 sales up 4.5 pct, down 1.5 pct in Sfr

* CEO says profitability improvement sustainable

* CEO says emerging markets not slowing, U.S. weak (Adds CEO and analyst comments, background, shares)

By Silke Koltrowitz

ZURICH, July 17 (Reuters) - Givaudan, the world's biggest maker of fragrances and flavours, has seen no evidence of a slowdown in emerging markets, where strong sales helped the company to produce a 13 percent increase in first-half profits.

The Swiss group is benefiting from growth in demand for its products in these markets, which account for 45 percent of group sales and where consumers have more cash to spend on snacks and ready-to-eat dishes, perfumes and detergents.

"There was concern about a possible slowdown in emerging markets, but it is not happening," Chief Executive Gilles Andrier told Reuters in a telephone interview on Thursday.   Continuación...