JULY 2022
2022 Half year results
Solid performance in a challenging environment
Gilles Andrier
Chief Executive Officer
Sales performance
2022 Half year results
Performance highlights
- Sales of CHF 3,652 million, up 6.2% on a like-for-like* basis and 8.3% in Swiss francs
- Good sales performance across the portfolio and markets, despite strong prior year comparables
- Balanced growth between mature markets, up 5.4%, and high growth markets with 7.4%
- Well on track with pricing actions to compensate for higher input costs
- Comparable EBITDA of CHF 820 million, a margin of 22.5% compared to 24.2% in 2021
- Free cash flow of -147 million, or -4.0% of sales, driven by higher working capital requirements and investments
* Like-for-like: excludes the impact of currency, acquisitions and disposals
Investor conference call - 2022 Half year results | 4 |
Half year sales performance
Good growth in both divisions
In CHF million | ||||
3,373 | 3,652 | HY 2021 | ||
HY 2022 | ||||
1,564 | 1,646 | 1,809 | 2,006 |
Group | Fragrance & Beauty | Taste & Wellbeing | ||||
6.2% | 4.7% | 7.6% | % 2022 growth on LFL* basis | |||
8.3% | 5.3% | 10.9% | % 2022 growth in CHF | |||
7.9% | 10.1% | 6.1% | % 2021 growth on LFL* basis | |||
* Like-for-like: excludes the impact of currency, acquisitions and disposals | ||||||
Investor conference call - 2022 Half year results | 5 |
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Givaudan SA published this content on 21 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 July 2022 06:03:04 UTC.