Zurich, Aug 27 - Swiss flavours and fragrances maker Givaudan has good momentum in its business and a trend for its customers to run down stocks is over, its chief executive said on Thursday.
Givaudan, which makes ingredients for designer perfumes such as the Calvin Klein and Burberry brands, earlier this month confirmed its previous forecast to outgrow the broader market for 2009.
"The trend for destocking (among our clients) has reached the end. We are seeing the bottom," Givaudan Chief Executive Gilles Andrier told an investor event.
"What I can say is that the good momentum is continuing."