Sales Report Q1 2024

Givaudan kicked off the year with robust sales, reporting CHF 1,822 million in revenue for the first quarter, marking a notable 12.6% increase on a like-for-like (LFL) basis and a 2.8% rise in Swiss francs.

The company maintained its strong business momentum, fueled by a healthy project pipeline and efficient global supply chain management, despite facing some ongoing challenges in the supply chain. Customer demand surged, driving increased volume across operations.

This growth was evident across product segments and regions, with high-growth markets witnessing a remarkable 21.8% LFL increase and mature markets seeing a solid 5.5% LFL growth.

Fragrance & Beauty sales amounted to CHF 900 million, showing a substantial 16.3% LFL increase and a 7.5% rise in Swiss francs. Fine Fragrance, Consumer Products, Fragrance Ingredients, and Active Beauty all contributed to this growth.

Taste & Wellbeing sales reached CHF 922 million, reflecting a commendable 9.3% LFL increase, despite a slight decrease of -1.5% in Swiss francs. Sales growth was widespread across regions, with notable performances in Europe, South Asia, Africa, the Middle East, Latin America, North America, and Asia Pacific.

Segment-wise, there was significant double-digit growth in Snacks, Sweet Goods, and Dairy, along with robust single-digit growth in Beverages.

Looking ahead, Givaudan’s 2025 strategy, “Committed to Growth, with Purpose,” aims to foster growth in collaboration with customers, focusing on creating innovative products for enhanced well-being while positively impacting the environment, society, and communities.

Key objectives include achieving organic sales growth of 4-5% on an LFL basis and maintaining a free cash flow of at least 12% over the five-year strategy cycle. Additionally, the company is committed to meeting non-financial targets related to sustainability, diversity, and safety.

Givaudan’s long-term aspirations center around four domains: creations, nature, people, and communities. These include doubling business impact through products contributing to better lives by 2030, achieving climate positivity by 2050, becoming a leading employer for inclusion by 2025, and ensuring all materials and services are environmentally and socially responsible by 2030.

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