20 JULY 2023

2023 Half year results

Conference call for Investors and Analysts

Sales performance

Gilles Andrier

Chief Executive Officer

2023 Half year results

Solid Business Performance

  • Sales of CHF 3,535 million, an increase of 2.4% on a like-for-like* basis and a decrease of 3.2% in Swiss francs
  • Strong sales performance in high growth markets, in Europe and in Fine Fragrances
  • Performance improvement initiatives are well on track with first results already delivered
  • EBITDA of CHF 763 million - EBITDA margin of 21.6% compared to 22.4% in 2022
  • Comparable EBITDA of CHF 803 million, a margin of 22.7% compared to 22.5% in 2022
  • Free cash flow of 104 million, or 2.9% of sales, an improvement of CHF 251 million over 2022

* Like-for-like: excludes the impact of currency, acquisitions and disposals

2023 Half year results - Givaudan Conference Call for Investors and Analysts

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Half year sales performance

Solid growth in challenging markets

In CHF million

HY 2022

HY 2023

3,652 3,535

1,646

2,006

1,863

1,672

Group

Fragrance & Beauty

Taste & Wellbeing

-3.2%

1.6%

-7.1%

2.4%

6.4%

-0.9%

6.2%

4.7%

7.6%

  • 2023 growth in CHF
  • 2023 growth on LFL* basis
  • 2022 growth on LFL* basis
  • Like-for-like:excludes the impact of currency, acquisitions and disposals

2023 Half year results - Givaudan Conference Call for Investors and Analysts

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Sales evolution by market

Good performance in high growth markets

In CHF million

HY 2022

HY 2023

2,076 1,954

1,576 1,581

MatureHigh growth

57%

55%

43%

45%

-2.6%

8.9%

5.4%

7.4%

2023 Half year results - Givaudan Conference Call for Investors and Analysts

  • of total sales
  • 2023 growth on LFL* basis
  • 2022 growth on LFL* basis

* Like-for-like: excludes the impact of currency, acquisitions and disposals

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Givaudan SA published this content on 20 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 July 2023 07:41:04 UTC.