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Givaudan SA
Investor Relations

Givaudan stellt Aromen und Duftstoffe her, die Alltagsprodukten zugesetzt werden. Das Geschäftsfeld Flavours verkauft Geschmackszutaten und duftbezogene Verbindungen an Unternehmen aus den Bereichen Lebensmittel, Getränke und Ernährung, während das Geschäftsfeld Fragrances Duftstoffkomponenten und Duftsysteme an Hersteller von Körperpflege-, Haushalts- und hochwertigen Parfümprodukten vertreibt. Kunden nutzen die Zutaten von Givaudan, damit Produkte so riechen und schmecken, wie es die Konsumenten erwarten. Das Unternehmen verkauft hauptsächlich an andere Unternehmen und nicht an Endverbraucher. Zu seinen Kunden gehören globale Lebensmittelmarken, Getränkehersteller, Hersteller von Haushaltsprodukten, Kosmetik- und Körperpflegemarken sowie Parfümeure. Givaudan erzielt Umsätze durch die Entwicklung, Herstellung und Lieferung dieser spezialisierten Zutaten sowie durch die enge Zusammenarbeit mit Kunden bei kundenspezifischen Formulierungen und langfristiger Produktentwicklung. Was Givaudan unterscheidet, ist seine Position in einem sehr spezialisierten Teil der Wertschöpfungskette. Es verkauft keine fertigen Snacks, Seifen oder Parfums; es liefert die sensorischen Bausteine, die diesen Produkten dabei helfen, sich abzuheben. Das bedeutet, dass das Geschäft des Unternehmens auf technischem Know-how, engen Kundenbeziehungen und der Fähigkeit beruht, Düfte und Geschmacksprofile für viele Endmärkte individuell anzupassen.

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Letzter Earnings Call
Geschäftsperiode
Q2 2026
Datum des Calls
23. Jul 2026
KI-Zusammenfassung
Q2 2026

Sales growth: Givaudan reported first-half sales of CHF 3.799 billion, up 3.6% like-for-like, with growth mainly driven by volume and broad-based across customers and regions.

Profitability: Adjusted EBITDA was CHF 923 million with a 24.3% margin, down from 25.2% a year ago but still described as industry-leading.

One-offs: Results were hit by CHF 103 million of nonrecurring costs, mainly litigation settlements and provisions, including a CHF 53 million provision in Taste & Wellbeing and a CHF 30 million settlement in Fragrance & Beauty.

Cash flow: Adjusted free cash flow was minus CHF 119 million in H1, but management expects a meaningful improvement in working capital and stronger cash generation in the second half.

Fragrance strength: Fragrance & Beauty was the clear bright spot, with 6.5% like-for-like growth led by strong Fine Fragrance and Consumer Products demand.

Taste recovery: Taste & Wellbeing showed a first sequential improvement in Q2, and management said the recovery is tracking as expected despite a still-challenging market.

Outlook: Management kept confidence in the 2030 targets of 4% to 6% like-for-like sales growth and above 12% adjusted free cash flow margin, and said H2 should benefit from easing comparables and improving momentum.

Pricing and tariffs: The company expects low single-digit input inflation in H2, with tariff refunds passed back to customers, leaving little net pricing contribution in the second half.

Wichtige Finanzkennzahlen
Sales
CHF 3,799 million
Adjusted EBITDA
CHF 923 million
Adjusted EBITDA margin
24.3%
Net income
CHF 475 million
Earnings per share
CHF 60.25
Adjusted free cash flow
minus CHF 119 million
Gross margin
44.5%
Net debt
CHF 4.6 billion
Net debt to EBITDA
2.8x
Fragrance & Beauty sales
CHF 2,010 million
Taste & Wellbeing sales
CHF 1,789 million
Fragrance & Beauty EBITDA margin
26.2%
Taste & Wellbeing EBITDA margin
22.2%
Nonrecurring costs
CHF 103 million
Litigation settlements and provisions
CHF 83 million
Acquisition, restructuring and project-related costs
CHF 20 million
Net investments
CHF 207 million
Net working capital
30.8% of sales
Effective tax rate
18%
Input inflation
low single-digit inflation
Aufzeichnung des Earnings Calls
Weitere Earnings Calls

Geschäftsleitung

Mr. Pierre Bénaich
Head of Media & Investor Relations
Keine Biografie verfügbar
Mr. Simon Halle-Smith Ph.D.
Head of Global Human Resources & EHS

Simon Halle-Smith is a distinguished executive at Givaudan SA, serving as the Head of Global Human Resources and a member of the Executive Committee. He holds a Ph.D. in Organization Studies and brings a wealth of experience in human resources management to the company. Prior to his role at Givaudan, Simon held various leadership positions in global HR functions, where he developed a reputation for driving HR strategies that align with business goals. His expertise lies in talent management, organizational development, and cultural transformation, which have been instrumental in fostering a dynamic and inclusive work environment at Givaudan. Simon is recognized for his forward-thinking approach to HR, emphasizing the importance of aligning human capital strategies with overall corporate objectives. His contributions have significantly impacted the company's ability to attract, retain, and develop top-tier talent, ensuring that Givaudan remains at the forefront of the fragrance and flavor industry.

Mr. Maurizio Volpi
President of Fragrance & Beauty

Maurizio Volpi is a notable executive in the fragrance and flavor industry, particularly associated with Givaudan SA, a leading company in this sector. As of recent updates, Volpi has been serving as the President of the Fragrance Division at Givaudan. He joined the company in 2015, bringing with him extensive experience from his previous roles. Before his tenure at Givaudan, Volpi held significant positions at Pirelli, where he was involved in international marketing and sales. His strategic vision and leadership skills have greatly contributed to Givaudan's growth and innovation in the fragrance market. Under his leadership, the Fragrance Division has expanded its reach and strength, focusing on sustainable practices and consumer engagement. Volpi's impact at Givaudan is also marked by his drive for innovation, emphasizing the development of unique scent solutions and leveraging technology to meet changing consumer preferences. His leadership style and industry expertise have been integral to navigating the evolving landscape of fragrance and flavors.

Mr. Willem Mutsaerts
Head of Global Procurement & Sustainability

Willem Mutsaerts is a notable executive at Givaudan SA, a leading global company in the flavors and fragrances industry. As of the latest updates, he has held significant roles within the company, particularly focusing on sustainability and procurement. Mutsaerts served as Givaudan's Head of Global Procurement and was responsible for ensuring the strategic sourcing of raw materials integral to the company's operations. His leadership likely plays a key role in driving Givaudan’s sustainability commitments and sustainable sourcing initiatives, which are critical to their business model and corporate responsibility objectives. Over the years, Mutsaerts has contributed to aligning the company’s procurement strategies with broader sustainability goals, further enhancing Givaudan's reputation as an innovator in creating sustainable value chains. Given the complex global supply networks Givaudan operates within, his expertise is valuable in navigating challenges related to environmental sustainability, ethical sourcing, and regulatory compliance. His work often involves collaboration with multiple stakeholders, including suppliers, customers, and non-governmental organizations, to promote sustainable practices throughout the supply chain. This is in line with Givaudan’s commitment to reducing its environmental footprint and positively impacting the communities involved in its supply network. Willem Mutsaerts' substantial contributions emphasize the importance of integrating sustainability into corporate procurement and operational processes to foster long-term value and environmental stewardship.

Ms. Anne Tayac
Head of Givaudan Business Solutions

Anne Tayac is an accomplished executive at Givaudan SA, a leading global company in the flavor and fragrance industry. She holds the position of Head of Givaudan Business Solutions, where she plays a pivotal role in steering the company's global business services. In her role, Anne is responsible for overseeing business processes that support Givaudan's operational framework, ensuring efficiency and effectiveness across various functions. Tayac's leadership is marked by her strategic vision and focus on innovation, contributing significantly to the company's ability to deliver high-quality products and services to its clients worldwide. Her efforts in enhancing process excellence and fostering digital transformation are integral to supporting Givaudan's growth and maintaining its market leadership. Anne's career is characterized by her dedication to driving positive change and her ability to lead diverse teams in executing complex business strategies. As a prominent figure in the organization, she is esteemed for her contributions and leadership qualities.

Mr. Louie D'Amico
President of Taste & Wellbeing

Louie D’Amico is a notable executive at Givaudan SA, a global leader in the fragrance and flavor industry. He has served as the President of the Flavor & Wellbeing division, a role in which he oversees the global strategic direction and operations of the division. Louie joined Givaudan in 1989 and has since held various leadership roles, gaining extensive experience within the company and industry. His career at Givaudan spans roles in sales, marketing, and management, contributing significantly to the company's development and growth in the flavors sector. His leadership is marked by a focus on innovation, sustainability, and strengthening customer partnerships, embodying Givaudan's commitment to delivering sensory experiences and solutions across the food and beverage industry.

Mr. Hallvard Bremnes
Head of Sustainability
Keine Biografie verfügbar
Ms. Sandra Girgis
Head of Environmental Sustainability
Keine Biografie verfügbar

Kontakt

Adresse
GENEVE
Vernier
CHEMIN DE LA PARFUMERIE 5
Kontakt
+41227809111
www.givaudan.com