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Givaudan FY Profit Increases; Anticipates Exceeding 4%-5% L-F-L Sales Growth For 2021-2025

Givaudan AG (GVDBF.PK), a Swiss maker of flavors, fragrances, and cosmetic ingredients, reported that its net income for fiscal year 2024 increased to 1.09 billion Swiss francs from last year's 893 million Francs, with earnings per basic share improving to 118.17 francs from 96.81 francs in the prior year.

Annual group sales were 7.412 billion francs, an increase of 12.3% on a like-for-like basis and an increase of 7.2% in Swiss francs when compared to 2023. The strong growth was achieved across product segments and geographies, with the high-growth markets growing at 19.5% on a LFL basis and the mature markets at 6.4% LFL.

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by RTTNews Staff Writer

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