Givaudan reports USD 5B sales in H1 FY25
According to Givaudan, this growth was driven by strong performance across all business units, geographies, and customer groups.
SWITZERLAND – Givaudan reported sales of CHF 3,864 million(USD 4.84 billion) for the first half of fiscal year 2025, marking a 6.3% increase on a like-for-like basis and a 3.4% rise in Swiss francs compared to the same period last year.
According to Givaudan, this growth was driven by strong performance across all business units, geographies, and customer groups, with notable outperformance in the Fine Fragrance segment and a 10% like-for-like increase in high-growth markets.
The company’s net profit reached CHF 592 million(USD 742.78 million), slightly up from CHF 588 million(USD 735 million) the previous year, with a stable net income margin at 15.3% of sales.
Gilles Andrier, CEO of Givaudan, stated, “We are very pleased with our continued strong financial performance in the first half of 2025, despite an environment with ongoing geopolitical and macro-economic challenges.”
“Sales remained strong with good growth across all business segments, geographies and customer groups, against extreme prior year comparables.”
Comparable EBITDA was CHF 973 million(USD 1.22 billion), achieving a margin of 25.2%, an improvement from 24.8% in 2024.
Gross profit rose by 3.4% year-on-year to CHF 1,702 million(USD 2.13 billion) in 2025, while the gross margin held steady at 44.0% despite increased input costs.
Operating income rose by 4.5% to CHF 762 million(USD 955.7 million) with a 10.4% increase in local currency terms and a slight margin gain to 19.7%.
Givaudan’s two main divisions showed significant growth: the Fragrance & Beauty division’s sales rose 8.6% like-for-like to CHF 1.955 billion (USD 2.44 billion), while the Taste & Wellbeing division increased by 4.1% to CHF 1.91 billion(USD 2.39 billion).
Despite ongoing geopolitical and macroeconomic challenges, Givaudan remains confident in exceeding the upper limit of its average five-year sales growth target of 4%-5% for 2021-2025 due to sustained strong sales momentum and innovation-driven demand.
Free cash flow was slightly negative at -0.4% of sales, influenced by the timing effects of investments and tax payments; however, this is viewed as temporary, given the ongoing investments in growth and innovation.
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