Givaudan sees 30 mln sfr savings from Quest acquisition this year - CEO

ZURICH (Thomson Financial) - Givaudan AG expects to realise some 15 pct of its 200 mln sfr savings target from the acquisition of Quest International this year, chief executive Gilles Andrier said during a media conference.

The Swiss flavours and fragrance maker expects to achieve 50 pct of total savings in 2008, 75 pct in 2009 and finally 100 pct by the end of 2010, Andrier reiterated.

Givaudan had hiked its savings target to 200 mln sfr from 150 mln earlier this month after gaining an in-depth understanding of the acquired business.

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