contact us Breadcrumb Home Investors Financial results Financial results Download list 2021 Half Year Report 2021 Half Year Financial Summary 2021 Half Year Investor Presentation 2020 Integrated Annual Report 2020 Investor Presentation 2020 Financial Summary 2020 Governance, Compensation and Financial Report Related navigation Investor fact sheet Results centre Have a question? FAQ Contact us Services Print this page RSS 2021 Half year results Good business momentum - strong financial performance Givaudan Group sales for the first six months of the year were CHF 3,737 million, an increase of 7.9% on a like-for-like basis and 4.7% in Swiss francs. READ THE MEDIA RELEASE GROUP 7.9% SALES GROWTH LFL¹ TASTE & WELLBEING 6.1% SALES GROWTH LFL¹ FRAGRANCE & BEAUTY 10.1% SALES GROWTH LFL¹ 2020 Full year results Excellent financial performance – 2020 guidance delivered Givaudan Group full year sales were CHF 6,322 million, an increase of 4.0% on a like-for-like basis and 1.9% in Swiss francs when compared to 2019. READ THE MEDIA RELEASE GROUP 4.0% SALES GROWTH LFL¹ TASTE & WELLBEING 2.8% SALES GROWTH LFL¹ FRAGRANCE & BEAUTY 5.4% SALES GROWTH LFL¹ Like-for-like (LFL) is defined as: (a) sales calculated using the invoicing exchange rates of the prior year, and (b) excluding sales of businesses acquired from the acquisition date until the period end date, up to 12 months from the acquisition date. Outlook Committed to Growth, with Purpose In 2021, Givaudan enters a new five-year strategic planning cycle that aims to deliver sustainable value creation for all stakeholders. We are taking our first steps on this journey against a continuing backdrop of uncertainty related to the COVID-19 pandemic. In the first half of 2021, we sustained excellent financial performance with a strong contribution coming from our 2025 strategic growth areas, and we demonstrated a strong recovery in the areas of the business most affected by the pandemic. We have consistently shown our resilience and we remain confident in Givaudan’s capabilities. Our business is a systemically important part of the overall food and consumer products value chain, and we will remain focused on protecting our people, serving our customers and making a positive impact in the communities that work with us. With visibility being short in the current circumstances, we are strongly focused on maintaining our supply chain at high levels and minimising any disruptions so we can continue to supply our customers around the world. At the same time, we continue our disciplined approach to cost management throughout the business to reflect the current operating environment. With our acquisitions throughout the 2020 strategic cycle, we are continuing our efforts to bring all of those activities onto the Givaudan systems and operating platforms during the first part of the 2025 strategic planning period. Mid- and long-term aspirations In today’s ever-changing environment, there are increasing challenges from climate crisis, growing inequality and economic uncertainty. The current coronavirus pandemic is also surfacing new trends which require us to have an even greater focus on organisational resilience and flexibility to adapt to a changing environment. Overall, we will move forward with close alignment to our purpose, creating for happier healthier lives with love for nature and a strong focus on our ambitious targets for 2025, aiming for average organic growth of 4‑5% and average free cash flow of at least 12%. In addition, we have non-financial targets around sustainability, diversity and safety, all linked to the Company’s purpose. READ MORE ON MARKET ENVIRONMENT AND TRENDS Discover more Financial targets about Financial targets EXPLORE Key figures about Key figures EXPLORE Results centre about Results centre EXPLORE 1 2 BACK TO TOP Footer sub menu Contact Legal Privacy notice Locations Sitemap © Givaudan 2021 LinkedIn LinkedIn LinkedIn LinkedIn LinkedIn STOCK PRICE GIVN: 4,545.00 (17.00) 0.38% Updated 2021-12-03 11:44:04 CET This website uses cookies We use cookies (and similar techniques) on our site to improve the experience for you, enabling you to benefit from social sharing functionality (for Facebook, Instagram, etc.) and to tailor messages that are relevant to you (on our site, and others). They also help us understand how our site is being used. Read our Cookie Notice or manage your Cookie Preferences (you can do this anytime). By clicking "Accept" you consent to our use of cookies.Cookies policy Cookies Settings Reject All Accept All Cookies