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Givaudan Company news Ad hoc announcement pursuant to article 53 LR Geneva , 22 July 2021 G 2021 Half year results Good business momentum - Strong financial performance Sales of CHF 3,373 million , up 7.9 % on a like - for - like¹ basis and 4.7 % in Swiss francs Excellent sales across all markets and segments , with strong contribution from 2025 strategic growth areas Strong performance of high growth markets with a like - for - like growth of 10.4 % Comparable EBITDA³ margin of 24.2 % compared to 23.7 % in 2020 Net income of CHF 481 million , up by 16.3 % year - on - year Free cash flow of 5.5 % of sales or CHF 186 million Business performance Givaudan Group sales for the first six months of the year were CHF 3,373 million , an increase of 7.9 % on a like - for - like basis and 4.7 % in Swiss francs . Givaudan Fragrance & Beauty sales were CHF 1,564 million , an increase of 10.1 % on a like - for - like basis and 7.4 % in Swiss francs . Givaudan Taste & Wellbeing sales were CHF 1,809 million , an increase of 6.1 % on a like - for - like basis and 2.5 % in Swiss francs . As the COVID - 19 pandemic continued to have an impact on a global level , Givaudan sustained good business momentum whilst maintaining its operations and global supply chain at a high level . The strong growth was achieved across most product segments and geographies , with the mature markets growing at 6.1 % and the high growth markets at 10.4 % on a like - for - like basis . In Fragrance & Beauty the product segments most affected by the COVID - 19 pandemic , namely Fine Fragrances and to a lesser extent Active Beauty , showed a strong improvement in the first half of 2021 as retail activity picked up and as customers and consumers maximised the availability of other channels , including direct selling and e - commerce . In Taste & Wellbeing the foodservice segment was still impacted by COVID - 19 pandemic however experienced a strong recovery in the second quarter , as restrictions in relation to out of home food and beverage consumption started to be lifted in certain markets . iny fo▸ Givaudan International SA , Chemin de la Parfumerie 5 , 1214 Vernier , Switzerland Phone : +41 22 780 91 11 , Fax : +41 22 780 91 50 , Web : www.givaudan.com 1/11