Givaudan: annual earnings up 22%

(CercleFinance.com) - Givaudan reports 2024 net profit that is up 22.
1% to 1.09bn CHF, with an EBITDA margin that improved by 2.1 points LFL to 24.5% due to better cost absorption.

At 7.4bn CHF, sales were up 12.3% LFL, with a solid performance in all markets, with high-growth markets up 19.5% and mature markets up 6.4% LFL.

At the AGM on 20 March 2025, the Board of Directors will propose a cash dividend of 70 CHF per share for the year just ended, up 2.9% relative to 2023.

With average LFL sales growth of 7.2% over 2021-24, Givaudan believes it should very probably exceed the upper limit of its five-year average target of 4%-5% LFL over the period 2021-25.


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