logo
  

Givaudan H1 Profit Climbs On Strong Sales Growth; Sees Sales Growth Ahead

Givaudan (GVDBF.PK), a Swiss manufacturer of fragrance and flavor products, reported Thursday that its first-half income attributable to equity holders climbed 16.3 percent to 481 million Swiss francs from last year's 413 million francs.

Basic earnings per share were 52.19 francs, higher than prior year's 44.81 francs.

The EBITDA increased 10.2 percent to 809 million francs, and EBITDA margin improved to 24 percent from 22.8 percent in 2020. On a comparable basis, the EBITDA margin was 24.2 percent, compared to 23.7 percent last year.

Givaudan Group sales were 3.37 billion francs, an increase of 4.7 percent from last year's 3.22 billion francs. Sales grew 7.9 percent on a like-for-like basis.

Looking ahead, as part of Givaudan's 2025 strategy, the company aims to achieve organic sales growth of 4 percent to 5 percent on a like-for-like basis.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. air travel industry is going through its worst crisis since the troubled travel time during the peek pandemic struggles, with thousands of flights across the country being cancelled or getting delayed. The aviation crisis, as millions are preparing to travel during the upcoming July 4th holiday weekend, is mainly attributed to the staffing issues at airlines, ... The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has issued a public health alert for Siluriformes products imported by Carlstadt, New Jersey- based Grand BK Corp. The products were imported from Korea, a country ineligible to export Siluriformes products to the United States. Blount Fine Foods is recalling a limited amount of Panera at Home Southwest Corn Chowder citing undeclared wheat allergen, the U.S. Food and Drug Administration said. The recall involves a single lot of 16 oz. product with UPC Code 077958690812, lot number 042122-2K and "Use By" date of 6/30/22 that comes around 2,569 cases in total. The recall is limited to 1 SKU of 16 oz.
RELATED NEWS
Follow RTT