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Reuters Published
July 20, 2025
Swiss fragrance and flavour maker Givaudan on Thursday reported half-year core earnings above market expectations, citing strong performance in its fragrances business and effective cost management, as it continued to hike prices.
First-half earnings before interest, taxes, depreciation and amortization (EBITDA) fell 6.6% to 763 million Swiss francs ($891.25 million) on a reported basis, ahead of analysts' average forecast of 751 million francs in a poll compiled by the company.
The group, which has been suffering from lower demand for its fragrances, creams and flavours, still managed to pass on higher input costs to customers.
Its sales rose 2.4% to 3.74 billion Swiss francs on a like-for-like basis in the first half of the year, below analysts' forecast of a 3.4% growth and the company's mid-term target of 4-5% average organic sales growth per year, which it reiterated.
Sales at its Fragrance & Beauty division, which includes sun protection and mattifying products, were up 6.4%.