2025年上半年业绩报告

Q&A Sales performanceGilles AndrierChief Executive Officer 2025 Half year resultsStrong financial performance* LFL = Like-for-like: excludes the impact of currency, acquisitions and disposalsNet incomeofCHF 592 million,compared to CHF 588million in 2024, resulting ina net profit margin of15.3%Strong sales growthacross all business segments, geographies and customer groups,demonstratedby continuedoutperformance in Fine Fragrance,a10.0%increase LFL* in thehigh growth marketsandsustained strong growth withlocal and regional customers 2025 Half year results - Givaudan Conference Call for Investors and AnalystsSalesofCHF 3,864 million, anincrease of6.3%LFL*and3.4%in Swiss francsComparable EBITDAofCHF 973 million,a margin of25.2%compared to24.8%in 2024 Free cash flow−0.4%of sales, mainly dueto the timing effects ofinvestments and taxpayments Half year sales performanceStrong growth in both divisions1,8261,9111,9551,909FRAGRANCE & BEAUTYTASTE & WELLBEINGGROUP SALES3,864FRAGRANCE & BEAUTY1,955TASTE & WELLBEING1,909___________________________________________________________________________________________________7.0%--0.1%% 2025 growth in CHF8.6%4.1%% 2025 growth on LFL* basis15.3%9.9%% 2024 growth on LFL* basis___________________________________________________________________________________________________________________________________________________________________________ Sales evolution by marketStrong performance in high growth markets2025 Half year results - Givaudan Conference Call for Investors and AnalystsMATURE1,986HIGH GROWTH1,878*LFL = Like-for-like: excludes the impact of currency, acquisitions and disposals___________________________________________________________________________________________________46%49%% of total sales10.0%% 2025 growth on LFL* basis20.5%% 2024 growth on LFL* basis___________________________________________________________________________________________________________________________________________________________________________1,7221,9861,878HIGH GROWTH Sales evolution by regionAll regions contributing to the growth8811,5098881,620NOAMEAME+1.7NOAM___________________________________________________________________________________________________0.7%7.4%% 2025 growth in CHF1.7%8.6%% 2025 growth on LFL* basis5.9%11.4%% 2024 growth on LFL* basis___________________________________________________________________________________________________________________________________________________________________________ Fragrance & BeautySales growth of8.6%on a LFL* basis2025 Half year results - Givaudan Conference Call for Investors and Analysts1,955HY 2025FINE FRAGRANCESales increased by18.0%Excellent growth againsta strong comparableof 14.9%Strong contributionfrom existing businessand new winsCONSUMER PRODUCTSSales increased by6.1%Sustained strong growthin all categories, againsta very strong prior yeargrowth of 17.3%LFL*LFL* FRAGRANCE INGREDIENTS& ACTIVE BEAUTYSales increased by5.7%Strong double digitgrowth in Active Beautyoffset by softerperformance inFragrance IngredientsLFL* Taste & WellbeingSales growth of4.1%on a LFL* basis2025 Half year results - Givaudan Conference Call for Investors and Analysts1,909HY 2025SALES BY REGIONSALES COMMENTARY•Good volume growth across all markets and regions•Double-digit growth in SAMEA against strong prior year comparable•Broad based growth across the segments of snacks and sweet goods, aswell as in dairy and health care____________________________________________________________________________________________________2024 sales growthLFL*_______________________________________________________________________________________________________________________________________________Europe5.5%_______________________________________________________________________________________________________________________________________________South Asia, Middle East and Africa12.5%_______________________________________________________________________________________________________________________________________________North America4.5%_______________________________________________________________________________________________________________________________________________Latin America32.6%_______________________________________________________________________________________________________________________________________________Asia Pacific9.3%________________________________________________________________________________________________________________________________________________________________ Addressing customer needs and consumer trends2025 Half year innovation highlights2025 Half year results - Givaudan Conference Call for Investors and AnalystsMYROMIOur newhandheld, app-controlled aromadevice enablingreal-time creation,feedback, andfaster productdevelopmentGUARDIANSOF MEMORIESOur interactiveand educationalgame immersingfuture fragranceconsumers fromGen Z and Alphain the world ofolfactory creationEVERZUREGALDIERIAFDA appro