Finance
Givaudan tops 2024 forecasts with strong sales growth across markets
Published by Global Banking and Finance Review
Posted on January 24, 2025
2 min readLast updated: January 27, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on January 24, 2025
2 min readLast updated: January 27, 2026
Givaudan's 2024 results exceeded forecasts with strong sales growth, particularly in fragrance and beauty. Latin America led in organic sales rise.
(Reuters) -Swiss fragrance and flavour maker Givaudan on Friday reported annual results above market expectations, buoyed by strong sales growth across its markets, and said it would most likely exceed the growth target for 2021-2025.
Strong sales growth has boosted Givaudan's profitability over the past year, with an exceptionally strong fragrance business leading the way.
Its full-year revenue rose 12.3% on a like-for-like basis to 7.41 billion Swiss francs ($8.19 billion), beating analysts' average forecast of 7.39 billion in a poll compiled by the company.
Operating earnings before depreciation and amortization (EBITDA) grew 19.8% on a reported basis to 1.77 billion francs, also higher than the 1.75 billion expected by the analysts.
Givaudan, which makes fragrances for perfumes and flavours for food and drinks, said that based on average like-for-like sales growth of 7.2% in the last four years, it was set to exceed the upper end of its 4-5% target range for the five-year guidance period.
Full-year sales at the Fragrance & Beauty unit grew by 14.1% on a like-for-like basis from 2023, while the Taste & Wellbeing business, which makes up more than a half of Givaudan's revenue, recorded a 10.7% increase on the same basis.
Both beat analysts' expectations for 13.9% and 10.1% growth, respectively.
Among its markets, Latin America recorded the biggest rise in organic sales, while North America saw the smallest increase.
"We are very pleased with our financial performance in 2024, driven by a high level of volume related sales growth across all markets, segments and customer groups," CEO Gilles Andrier said in a statement.
Givaudan proposed a dividend of 70 francs per share for 2024, 2.9% higher than what was paid last year.
($1 = 0.9051 Swiss francs)
(Reporting by Jagoda Darlak in Gdansk; editing by Milla Nissi)
The article discusses Givaudan's 2024 financial performance, highlighting its sales growth and profitability exceeding forecasts.
The Fragrance & Beauty unit achieved a 14.1% sales increase, surpassing analysts' expectations.
Givaudan proposed a dividend of 70 francs per share for 2024, a 2.9% increase from the previous year.
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