Creating for happier, healthier lives with love for nature
Givaudan is a global industry leader creating game-changing innovation in food and beverages, and inspiring creations in the world of scent and beauty. With our two business activities, Taste & Wellbeing and Fragrance & Beauty, we provide customers with a broad range of solutions that match consumer demands for clean label, organic and natural ingredients and meet their sustainability expectations and demand for greater transparency. Our value proposition reflects the Company’s purpose of creating for happier, healthier lives, with love for nature.
We maintain our leadership position – approximately 25% of our industry’s global market share – by challenging ourselves daily, inspiring our partnerships across the globe and serving our customers with heart and soul.
Passion and performance through time
With a heritage that stretches back over 250 years, Givaudan has a long history of innovating scents and tastes. Creativity is at the heart of our operations, and the power to surprise is brought about by having a renowned collection of experts, passionate flavourists and perfumers under one roof.
Committed to innovation and sustainable growth
At the forefront of innovation, with 7.5% of annual turnover invested in research, we explore and uncover new and exciting ingredients and technologies to add to our vast palettes and portfolios.
As a company that uses many natural ingredients, we operate a sustainable business model that creates value for the many stakeholders we work with. We co-create and collaborate with our customers and partners to innovate and develop game-changing products and solutions. Our intention is to increase our positive impact on the world by innovating sustainable solutions while showing our love for nature and leading the way to improve happiness and health for people.
Currency | CHF |
Previous Close | 3,863.00 |
Change (%) | -0.18 |
Volume | 14,237 |
Number of Shares | 123,375,149 |
Market Cap (mln) | 35,669 |
Key figures | |||||||
---|---|---|---|---|---|---|---|
For the year ended 31 December, in millions of Swiss francs, except for employees | 2023 | 2022 | 2021 | 2020 | 2019 | ||
Sales and results | |||||||
Group sales | 6,915 | 7,117 | 6,684 | 6,322 | 6,203 | ||
Taste & Wellbeing | 3,603 | 3,861 | 3,593 | 3,398 | 3,404 | ||
Fragrances & Beauty | 3,312 | 3,256 | 3,091 | 2,924 | 2,799 | ||
Like-for-like sales growth1 | 4.1% | 5.3% | 7.1% | 4.0% | 5.8% | ||
Gross profit | 2,846 | 2,762 | 2,855 | 2,659 | 2,530 | ||
as % of sales | 41.2% | 38.8% | 42.7% | 42.1% | 40.8% | ||
EBITDA2 | 1,473 | 1,476 | 1,482 | 1,397 | 1,275 | ||
as % of sales | 21.3% | 20.7% | 22.2% | 22.1% | 20.6% | ||
Operating income | 1,116 | 1,112 | 1,089 | 996 | 920 | ||
as % of sales | 16.1% | 15.6% | 16.3% | 15.8% | 14.8% | ||
Net income | 893 | 856 | 821 | 743 | 702 | ||
as % of sales | 12.9% | 12.0% | 12.3% | 11.8% | 11.3% | ||
Balance sheet and cash flows | |||||||
Operating cash flow | 1,373 | 948 | 1,288 | 1,189 | 1,136 | ||
as % of sales | 19.9% | 13.3% | 19.3% | 18.8% | 18.3% | ||
Free cash flow | 920 | 479 | 843 | 811 | 787 | ||
as % of sales | 13.3% | 6.7% | 12.6% | 12.8% | 12.7% | ||
Leverage ratio | 51% | 51% | 51% | 50% | 47% | ||
Share | |||||||
Cash dividend(CHF) | 68 | 67 | 66 | 64 | 62 | ||
Earnings per share – basic (CHF) | 96.81 | 92.83 | 89.03 | 80.59 | 76.17 | ||
Employees | |||||||
Number of employees as at 31 December (FTE) | 16,263 | 16,676 | 16,458 | 15,851 | 14,969 |
1. Like-for-like excludes the impact of currency, acquisitions and disposals.
2. EBITDA defined as Earnings Before Interest (and other financial income (expense), net), Tax, Depreciation and Amortisation corresponds to operating income before depreciation, amortisation and impairment of long-lived assets.