Givaudan: 31% increase in H1 net income
(CercleFinance.com) - Givaudan reports H1 2024 net income that is up 30.
9% to 588m CHF, and comparable EBITDA of 929m CHF, giving a margin of 24.8%, vs. 22.7% in 2023.
At 3.74bn CHF, sales of the Swiss flavors and fragrances group rose 5.7% as reported and 12.5% on a comparable basis, with excellent growth in all business segments, geographies and customer groups.
Givaudan confirms that it is targeting organic sales growth of 4%-5% on a like-for-like basis and FCF of at least 12%, both measured on average over the strategic cycle of the 5-year period.
In addition, it announces the appointment of Stewart Harris as new Chief Financial Officer (CFO) from 1 August, succeeding Tom Hallan, who will leave the group at the end of January 2025 after a transition period.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
9% to 588m CHF, and comparable EBITDA of 929m CHF, giving a margin of 24.8%, vs. 22.7% in 2023.
At 3.74bn CHF, sales of the Swiss flavors and fragrances group rose 5.7% as reported and 12.5% on a comparable basis, with excellent growth in all business segments, geographies and customer groups.
Givaudan confirms that it is targeting organic sales growth of 4%-5% on a like-for-like basis and FCF of at least 12%, both measured on average over the strategic cycle of the 5-year period.
In addition, it announces the appointment of Stewart Harris as new Chief Financial Officer (CFO) from 1 August, succeeding Tom Hallan, who will leave the group at the end of January 2025 after a transition period.
Copyright (c) 2024 CercleFinance.com. All rights reserved.