Givaudan Group sales for the first six months of the year were CHF 3,652 million, an increase of 6.2% on a like-for-like basis and 8.3% in Swiss francs.
Solid business performance in a challenging environment
Sales of CHF 3,652 million, an increase of 6.2% on a like-for-like1 basis and 8.3% in Swiss francs
Good sales performance across the portfolio and markets, despite strong prior year comparables
Comparable EBITDA3 of CHF 820 million, a margin of 22.5% compared to 24.2% in 2021
Net income of CHF 440 million
Free cash flow4 of -4.0% of sales or CHF -147 million, driven by higher working capital requirements and investments
First sustainable-linked financing event with renewal of the Group Committed Credit Facility
“We are very pleased with our solid performance in the first half of 2022, despite the challenging environment that we are continuing to operate in. I am proud of the way in which we have again demonstrated the resilience of our business and our strong focus on supporting the growth of our customers around the world.” Gilles Andrier, CEO
Givaudan is a global leader in Fragrance & Beauty and Taste & Wellbeing. We celebrate the beauty of human experience by creating for happier, healthier lives with love for nature. Together with our customers we deliver food experiences, craft inspired fragrances, and develop beauty and wellbeing solutions that make people look and feel good. In 2021, Givaudan employed over 16,800 people worldwide and achieved CHF 6.7 billion in sales with a free cash flow of 12.6%. With a heritage that stretches back over 250 years, we are committed to driving long-term, purpose-led growth by improving people’s health and happiness and increasing our positive impact on nature. This is Givaudan. Human by nature. Discover more on www.givaudan.com.