Record Sales and Growth
Givaudan reported sales of CHF 7.4 billion, marking a 12.3% increase on a like-for-like basis and 7.2% in Swiss francs. High growth markets achieved a 19.5% increase, and mature markets grew by 6.4%.
Strong EBITDA and Net Income Growth
The reported EBITDA increased by almost 20% to CHF 1.765 billion, with a comparable EBITDA margin improving to 24.5%. Net income rose by 22% to CHF 1.090 billion, with a net profit margin of 14.7%.
Record Free Cash Flow
Givaudan achieved a record free cash flow of CHF 1.158 billion, representing 15.6% of sales, compared to 13.3% in 2023.
Fine Fragrance Segment Performance
Sales in the Fine Fragrance segment increased by 18.4%, making the business 50% larger in Swiss francs and 80% larger on a like-for-like basis compared to 2019.
Sustainability Achievements
Givaudan reduced Scope 1 and 2 emissions by 48% compared to 2015 and achieved 100% renewable electricity. Responsible sourcing of natural ingredients increased to 85%.