GIVAUDAN: Things can move fast… +36.7%!

Just two weeks ago, our headline read: “Quality Will Pay Off!” The stock of fragrance and flavor manufacturer GIVAUDAN was trading at CHF 3,360 “back then.” But business in Q3 2026 has picked up very impressively… just as we expected! The report primarily highlighted revenue figures, and they’re quite impressive: Organic growth, at +8.6%, significantly exceeded the analyst consensus of +4.7%. Furthermore, growth was driven primarily by higher sales volumes. The momentum in Fragrance & Beauty is significantly stronger than in Taste & Wellbeing. The only area leaving something to be desired is revenue in North America.

The noticeable rise in the stock price prompted us to issue an ad hoc announcement last Friday, which we are including here for our readers who do not use this service: “GIVAUDAN’s stock has been—and continues to be—rising at ‘breakneck speed.’ We had actually planned to provide a detailed analysis of the Q3 2026 financial results and draw our conclusions in next Thursday’s issue. In any case, things have played out exactly as we predicted… the data is very good! That’s why the stock has climbed accordingly, and—unsurprisingly—various analysts from securities firms are already coming forward with price target increases of up to CHF 4,500. Now, of course, we could also raise our price target from CHF 3,950, and that might even make sense. But we want to stay true to our strategy and realize nice profits at regular intervals. Sometimes it’s better to sell; other times, it’s better to stay invested. GIVAUDAN is definitely a stock you can practically hold in your portfolio “for life”! Nevertheless, we want to take advantage of the volatility and put the so-called “wisdom of selling on good news” into practice. We are therefore setting a sell limit at our price target of CHF 3,950, valid for now until next Thursday! Should the sale go through at this limit, it would result in a nice profit of +36.7% (including a dividend of CHF 72). Whether you decide to follow suit or remain invested is, of course, up to you. Both approaches can be optimal.” In today’s issue, we confirm the sale as of October 19… at +36.7%!

GIVAUDAN N is listed on the SIX Swiss Exchange under the symbol GIVN; the security number is 1,064,593, and the last price was approximately CHF 3,967.