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 | 3 |
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
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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.