Givaudan: 22% increase in annual net profit – 01/24/2025 at 09:13

(CercleFinance.com) – Givaudan publishes net profit for 2024 up 22.1% to 1.09 billion Swiss francs, with a like-for-like EBITDA margin improved by 2.1 points to 24.5 % ‘due to better cost absorption’.

At 7.4 billion francs, turnover increased by 12.3% like-for-like, with a ‘solid performance in all markets’, with high-growth markets having grown by 19.5% and markets mature by 6.4% like-for-like.

At the general meeting on March 20, 2025, the board of directors will propose a cash dividend of 70 Swiss francs per share for the past financial year, an increase of 2.9% compared to 2023.

With average like-for-like sales growth of 7.2% over 2021-24, Givaudan estimates that it ‘is very likely to exceed the upper limit’ of its five-year average target of 4-5% like-for-like for the period. 2021-25.