SWITZERLAND: 1997/98 RECORD YEAR FOR FIRMENICH

Article Abstract:

Swiss Firmenich International S.A. of Geneva, a producer of fragrances, aromatics and chemicals, reported a record turnover of SFr 1.4bn for the business year 1997/98 ended 30 June. Turnover jumped 14.5% compared with the previous year. While turnover of the fragrance division rose by 19%, the aromatics and chemicals divisions posted a growth rate of 12% and 10%, respectively. In the business year 1997/98, Firmenich group invested a total of SFr 130mn worldwide. The 100% family-owned company for example opened new plants in the UK, the US and Japan. Construction of a SFr 25mn chemical plant in Kunming, China, is to be finished soon.

Comment:

Has announced record turnover of SFr 1.4bn for the business year 1997/98 ending on 30 June

New capacity, new plant construction, All Other Basic Organic Chemical Manufacturing, Chemicals & Allied Products, Chemical Manufacturing, Flavor & Perfume Materials, Perfumes, Chemicals, Additives, Swiss Firmenich International S.A.

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SWITZERLAND/GERMANY: WELEDA RESULTS FOR 1998

Article Abstract:

The Swiss Arlesheim-based company Weleda AG, a producer of anthroposophic pharmaceuticals and body care products, expects a 4-5% increase in sales in 1999. A slight fall is anticipated in profits due to a slump in the pharmaceutical business. For 1998 Weleda reports a 14% fall in net profit to SFr 4.59mn. Due to dynamic sales of body care products, turnover increased 6.1% to SFr 170mn. The fall of profits is explained with investments in Germany, which increased 207% to DM 16.9mn. Germany contributes about 60% to Weleda's turnover and about 75% to the company's profits.

Comment:

Has reported it expects 4 to 5% rise in sales in 1999

Vitamin, Nutrient & Hematinic Preps, Pharmaceutical Preparation Manufacturing, Proprietary Preparations, Toiletries & Cosmetics NEC, Toiletries, Proprietary drugs, Weleda AG

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