Givaudan: 2022 earnings up 4.2%

(CercleFinance.com) - FY sales reached 7.
1 billion Swiss francs, up 5.3% on a like-for-like basis (LFL) and 6.5% in Swiss francs compared to 2021.

Fragrance & Beauty sales amounted to 3.2 billion Swiss francs, up 5.5% LFL and 5.3% in Swiss francs. Taste & Wellbeing sales amounted to 3.8 billion Swiss francs, up 5.2% LFL and 7.5% in Swiss francs.

The gross margin increased from CHF 2,855 million in 2021 to CHF 2,762 million in 2022. The gross margin decreased to 38.8% in 2022 from 42.7% in 2021. EBITDA decreased by 0.4% to 1,476 million Swiss francs in 2022, from 1,482 million Swiss francs in 2021.

Net profit increased 4.2% to 856 million Swiss francs in 2022 (821 million Swiss francs in 2021), giving the group a margin of 12.0%, compared to 12.3% in 2021.

Regarding its outlook, the company targets organic sales growth of 4%-5% LFL in 2025.


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