April 13 (Reuters) - Swiss fragrance and flavour maker Givaudan (GIVN.S) on Thursday reported quarterly like-for-like sales slightly above expectations, with price rises helping to offset lower sales volumes in North America.
Its first-quarter revenue rose 3.6% to 1.84 billion Swiss francs ($1.97 billion) on a like-for-like basis, beating the 1.80 billion francs expected by analysts in a poll compiled by the company.
The sales growth was below Givaudan's mid-term target of between 4% and 5% on average, which it also reiterated.
On a reported basis, sales fell 0.4% to 1.77 billion Swiss francs.
Givaudan reported a 9.5% drop in like-for-like sales in North America, the only region to record a decline in the quarter.