Earnings release
Page 1
Givaudan Company news Ad hoc announcement pursuant to article 53 LR Geneva , 12 October 2021 2021 Nine month sales Continued good growth across all markets and segments Business performance In the first nine months of 2021 Givaudan recorded sales of CHF 5,067 million , an increase of 7.7 % on a like - for - like¹ basis and 5.8 % in Swiss francs . Fragrance & Beauty sales were CHF 2,351 million , an increase of 8.4 % on a like - for - like basis and an increase of 6.9 % in Swiss francs . Taste & Wellbeing sales were CHF 2,716 million , an increase of 7.2 % on a like - for - like basis and an increase of 4.8 % 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 all product segments and geographies , with the mature markets growing at 6.6 % and the high growth markets at 9.2 % on a like - for - like basis . In Fragrance & Beauty there was a continuation of the good performance from Fine Fragrances and Active Beauty , with both segments having already shown 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 , whilst still being impacted by the COVID - 19 pandemic , experienced a continuation of the strong recovery that was experienced in the second quarter , as restrictions in relation to out of home food and beverage consumption continued to ease in certain markets . " I am very happy with our continued strong performance across all parts of our business and in particular the ongoing recovery in Fine Fragrances , Active Beauty and in foodservice " said CEO Gilles Andrier . " We have made excellent progress in our 2025 strategic growth initiatives and whilst the external environment still contains many uncertainties , we have demonstrated a strong focus on execution , in supporting our customers and in playing an important role in the global supply chain in food and beverage as well as in household , health and personal care products . " in y foo 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 1/6