Givaudan (GIVN) Q3 2026 TU earnings summary

Executive summary

• Nine-month 2026 sales were CHF 5,891m, up 5.2% LFL and 2.6% in CHF; growth momentum accelerated, led by Fragrance & Beauty and improving Taste & Wellbeing.

• Volume growth remained good and global operations and supply chains ran at a high level despite geopolitical volatility.

Financial highlights

• Nine-month sales were CHF 5,891m versus CHF 5,743m in 2025; LFL growth was 5.2% versus 5.7%, while CHF growth was 2.6% versus 1.7%.

• Q3 sales were CHF 2,092m, up 8.6% LFL and 11.3% in CHF, versus 4.4% LFL and a 1.5% CHF decline in Q3 2025.

• Q3 LFL growth was 13.5% in Fragrance & Beauty and 3.5% in Taste & Wellbeing.

Outlook and guidance

• 2030 strategy targets average LFL sales growth of 4–6% and average Adjusted Free Cash Flow above 12% over the five-year period.

• 2030 purpose goals include reducing Scope 1, 2 and 3 GHG emissions in line with the SBTi Net-Zero Standard and sourcing all materials and services to protect the environment and people.

• Strategic priorities include core-business strengths, expansion into high-value adjacent spaces, and continued pursuit of acquisitions aligned with strategic focus areas.