Givaudan (GIVN) Investor presentation summary

2026 half-year results and financial performance

• Sales reached CHF 3,799 million, up 3.6% like-for-like, with high-growth markets rising 5.2% and mature markets 2.0%.

• Adjusted EBITDA was CHF 923 million (24.3% margin), and net income CHF 475 million (12.5% margin).

• Adjusted free cash flow was -3.1% of sales, mainly due to higher investments and temporary working capital increases.

• Fragrance & Beauty grew 6.5% LFL, Taste & Wellbeing 0.5% LFL.

Strategic outlook and 2030 ambitions

• Reaffirmed 2030 targets: 4-6% LFL sales growth, >12% adjusted free cash flow, and progress on purpose-linked goals.

• Strategy focuses on strengthening core categories, optimising the portfolio, and deepening geographic presence.

• Emphasis on sustainable innovation, digital and AI-driven value creation, and customer-centric growth.

• Capital allocation prioritises organic growth, dividends, M&A, and share buybacks.

Business model and market positioning

• Unique strengths include creativity, science & technology leadership, proprietary data, and operational excellence.

• Resilient performance across cycles, with industry-leading margins and consistent cash generation.

• Positioned to turn global megatrends and consumer shifts into growth opportunities, leveraging sustainability and digitalisation.