Givaudan(US:GVDNY)2025-01-24 10:03Financial Performance - Givaudan's sales reached CHF 7.4 billion, a 12.3% increase on a like-for-like basis and a 7.2% increase in Swiss francs[5,36] - The company's EBITDA was CHF 1,765 million, a 19.8% increase over 2023, with an EBITDA margin of 23.8% compared to 21.3% in 2023[5,36,44] - Free cash flow reached a record of CHF 1,158 million, representing 15.6% of sales, a 25.9% increase compared to 2023[5,36,61] - Net income increased by 22.1% over 2023 to CHF 1,090 million, representing a net profit margin of 14.7% of sales[5,36,57] Segment Performance - Fragrance & Beauty sales grew by 14.1% on a like-for-like basis, reaching CHF 3,660 million[7,14,49] - Taste & Wellbeing sales increased by 10.7% on a like-for-like basis, reaching CHF 3,752 million[7,18,52] Regional Performance - High growth markets experienced a 19.5% sales increase on a like-for-like basis, while mature markets grew by 6.4%[5,10] - Latin America showed a sales growth of 26.1% on a like-for-like basis[13] Strategy and Outlook - Givaudan is likely to exceed the upper end of its average five-year sales growth target of 4-5% on a like-for-like basis for the period 2021-2025, with an average like-for-like sales growth of 7.2% for the period 2021-2024[5,84] - The company anticipates approximately CHF 30 million in acquisition, restructuring, and project-related expenses in 2025[83] Sustainability - Givaudan has reduced GHG emissions scope 1+2 by 43% since 2015[30] - 85% of the company's natural raw material portfolio is sourced responsibly[31]