Strong Sales Growth
Sales amounted to CHF 7.4 billion, with a strong increase of 12.3% on a like-for-like basis and 7.2% in Swiss francs. High growth markets achieved a 19.5% growth and mature markets grew by 6.4% on a like-for-like basis.
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.
Fragrance & Beauty Division Performance
Sales amounted to CHF 3.66 billion, up 14.1% on a like-for-like basis and 10.5% in Swiss francs. Fine Fragrances grew by 18.4%, and consumer products increased by 13.5%.
Taste & Wellbeing Division Performance
Sales amounted to CHF 3.752 billion, up 10.7% on a like-for-like basis and 4.1% in Swiss francs. Sequential improvement was noted in the second half of the year.
EBITDA and Margin Improvement
Reported EBITDA was CHF 1.765 billion, an increase of almost 20%. The comparable EBITDA margin improved to 24.5% from 22.4% in 2023.
Net Income Growth
Net income reached CHF 1.090 billion, an increase of 22% over 2023, leading to a net profit margin of 14.7%.
Dividend Increase
The Board of Directors proposed a dividend of CHF 70, marking the 24th consecutive dividend increase for shareholders.
Sustainability Achievements
Givaudan achieved a 48% reduction in Scope 1 and 2 emissions compared to the 2015 baseline and converted the entire electricity supply to fully renewable resources.