Givaudan reports stronger like-for-like sales in first half

(AWP Alliance News) - Givaudan SA on Thursday reported stronger like-for-like sales growth in the first half of 2026 as it confirmed its 2030 financial targets.

Shares in the Zurich-based flavours, fragrances and cosmetic ingredients maker closed down 6.1% at CHF3,177.00 each in Zurich on Thursday.

First-half sales totalled CHF3.80 billion, USD4.65 billion, down 1.7% from CHF3.86 billion a year ago, or up 3.6% on a like-for-like basis.

"Givaudan continued the first half of 2026 with solid volume growth and maintained its operations and global supply chain at a high level, despite continuing geopolitical volatility. The good growth was balanced across geographies, customer groups and business segments, with high-growth markets increasing by 5.2% LFL, compared to a strong comparable of 10.0% LFL in the first half of 2025 and mature markets increased by 2.0% LFL compared to 2.9% in the prior year period," Givaudan said.

The company is implementing price increases "in collaboration with its customers to fully compensate for the increases in input costs."

Net income dropped 20% to CHF475 million from CHF592 million. Adjusted earnings before interest, taxes, depreciation and amortisation declined 5.2% to EUR923 million from EUR973 million, while adjusted Ebitda margin fell to 24.3% from 25.2%.

Givaudan reported adjusted free cash flow of negative CHF119 million in the half, versus negative CHF116 million a year ago.

Under its 2030 strategy, Givaudan targets 4% to 6% LFL sales growth and over 12% average adjusted free cash flow growth

Givaudan will continue to pursue strategic acquisition opportunities that align with its strategic focus areas.

By Aidan Lane, Alliance News reporter

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