Swiss fragrance and flavor company Givaudan reported rising sales for the first half of 2025 on Tuesday, July 22, driven once again by strong performance in fine fragrance and supported by price increases.
For the period from January to the end of June, the Geneva-headquartered group reported a net profit of CHF 592 million (EUR 634 million), up 0.7% compared to the same period last year, while its sales increased by 3.4% to 3.8 billion francs, it said in a press release. Excluding currency effects and acquisitions, sales increased by 6.3%.
By comparison, analysts surveyed by the Swiss agency AWP had forecast an average profit of CHF 606 million on CHF 3.8 billion in revenue.
The perfumes and beauty Ingredients (“Fragrance & Beauty”) division saw sales increase by 8.6% excluding currency effects, with fine fragrances recording an 18% increase. Functional perfumes, which includes fragrances for hygiene products, laundry detergents, and detergents, saw sales increase by 6.1%, while growth was 5.7% in beauty Ingredients.
The flavors division (“Taste and Wellbeing”), which includes ingredients for snacks, beverages, and ready meals, as well as meat and dairy alternatives, saw sales increase by 4.1% excluding currency effects, but decline by 0.1% when converted into Swiss francs.
In the press release, the group stated that it had implemented price increases to offset “the increases in input costs” in 2025, “including tariffs.”
Givaudan also stated that it was “highly likely to exceed the upper end” of the sales target it had set for the period from 2021 to 2025. The group had set the target at 4% to 5% for the period, but has recorded an average growth of 7.2% over the past four years, it noted.