Givaudan started the year with good business momentum while maintaining its operations and global supply chain, despite the challenging external environment affecting many parts of the business. With higher input costs in 2022, the company is continuing to implement price increases in collaboration with its customers to fully compensate for the increases in input costs.
Related: Givaudan 2022 Annual General Meeting
Highlights of the report include:
- In the first three months of 2022 Givaudan recorded sales of CHF 1,780 million, an increase of 4.6% on a like-for-like basis and 6.4% in Swiss francs.
- Fragrance & Beauty sales were CHF 810 million, an increase of 2.7% on a like-for-like basis and an increase of 2.8% in Swiss francs.
- On a business unit basis, Fine Fragrance sales increased by 17.4% on a like-for-like basis.
- Consumer Products sales decreased by 2.3% on a like-for-like basis, against a high prior year comparable growth of 11.4%.
- Sales of Fragrance Ingredients and Active Beauty increased by 8.2% on a like-for-like basis.
- Taste & Wellbeing sales were CHF 970 million, an increase of 6.4% on a like-for-like1 basis and an increase of 9.6% in Swiss francs.
- On a regional basis, the good sales performance was driven by Europe, which increased by 12.9% on a like-for-like basis, South Asia, Africa and the Middle East sales which increased by 10.9% and Latin America, where sales increased by 14.4% on a like-for-like basis.
- From a segment perspective Beverages, Dairy, Snacks, Savoury and Sweet Goods all contributed to the growth. In the key strategic focus areas, sales continued to increase double-digit in alternative Proteins and mid-single-digit in Health & Wellness and in Naturals.