19 July 2018
ABOUT 2018 HALF YEAR RESULTS PRESENTATIONS
VIEW GIVAUDAN'S H1 2018 FULL PRESENTATIONS
DETAILS
Strong recovery in high growth markets
- Sales of CHF 2,674 million,
up 5.6% on a like-for-like basis and 7.7% in Swiss francs - Project pipeline and win rates sustained at a high level
- Strategic focus areas and acquired businesses
strongly contributing to growth - EBITDA of CHF 601 million in 2018
- EBITDA margin of 22.5%,
with solid underlying business performance - Net income of CHF 371 million,
down by 3.4% year-on-year - Free cash flow of 4.2% of sales,
compared to 5.3% in 2017 - Givaudan Business Solutions delivering first benefits
- Naturex acquisition progressing as planned
Downloads 2018 Half year results tables
Net income
The net income for the first six months of 2018 was
CHF 371 million compared to CHF 384 million in 2017,
a decrease of 3.4%,
resulting in a net profit margin of 13.9% versus 15.5% in 2017.
Basic earnings per share were
CHF 40.26 versus CHF 41.70 for the same period in 2017.
Cash flow
Givaudan delivered an operating cash flow of CHF 269 million
for the first six months of 2018, the same level as in 2017.
Business performance
Givaudan Group sales
for the first six months of the year were CHF 2,674 million,
an increase of 5.6% on a like-for-like basis and 7.7% in Swiss francs.
Fragrance Division sales were CHF 1,223 million,
an increase of 6.5% on a like-for-like basis and 7.5% in Swiss francs.
Flavour Division sales were CHF 1,451 million,
an increase of 4.9% on a like-for-like basis and 7.8% in Swiss francs.
Givaudan continued the year with good business momentum
and with the project pipeline and win rates being sustained
at a high level.
This good growth was achieved across all product segments
and geographies, with our key strategic focus areas of
Naturals, Health and Well-being, Active Beauty,
Integrated solutions and local
and regional customers delivering
strong growth, complemented by the recent acquisitions.
The Company continues to implement price increases
in collaboration with its customers
to compensate for the increases in input costs.
For further information please contact:
Peter Wullschleger, Givaudan Media and Investor Relations
T +41 22 780 9093
E peter_b.wullschleger@givaudan.com
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