Givaudan: H1 earnings up 16.3%

(CercleFinance.com) - The group has posted H1 sales of 3,373 million Swiss francs, up 7.
9% LFL (+4.7% in Swiss francs).

Strong growth was achieved in most product segments and geographic areas, it said.

EBITDA increased by 10.2% to 809 million Swiss francs, from 734 million Swiss francs in H1 2020.

H1 2021 net profit came in at 481 million Swiss francs, up 16.3% from 413 million Swiss francs in 2020. Meanwhile, its net margin reached 14.3%, compared to 12.8% in 2020.

As part of its 2025 strategy, the company aims to achieve organic sales growth of 4%-5% on a like-for-like basis and free cash flow of at least 12%.



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