On July 22, global fragrance and flavor leader Givaudan released its financial results for the first half of 2025.
According to the data, in the first half of 2025, Givaudan recorded sales of CHF 3.864 billion ($4.8 billion), representing a 6.3% increase on a like-for-like basis (LFL) and a 3.4% increase in Swiss francs; net income reached CHF 592 million ($742 million), with a profit margin of 15.3% of sales.
“Despite ongoing geopolitical and macroeconomic challenges, we are very satisfied with our financial performance in the first half of 2025. All business divisions, regions, and customer segments achieved solid growth, with particularly strong performance compared to the same period last year. These results once again demonstrate that Givaudan delivers real value to its customers through highly specialized products and solutions,” said Givaudan CEO Gilles Andrier.
Specifically, in the first half of this year, Givaudan’s Fragrance & Beauty segment generated sales of CHF 1.955 billion ($2.45 billion), up 8.6% LFL and 7.0% in Swiss francs.
By business unit, Fine Fragrance sales grew by 18.0% on a comparable basis, compared to 14.9% in the same period last year; Consumer Products sales rose by 6.1% on a comparable basis, versus 17.3% a year earlier; Fragrance Ingredients and Active Beauty sales increased by 5.7% year-on-year, compared to 8.0% in the same period last year.
By region, sales increased across all areas. Specifically, sales in the Asia-Pacific region rose by 2.1% year-on-year, South Asia, the Middle East and Africa saw a 12.7% increase, Europe grew by 4.2%, North America by 2.0%, and Latin America by 4.1%.
The financial report also revealed that given Givaudan’s 2% sales growth rate from 2021 to 2024, and a strong 6.3% growth in the first half of 2025, the company is likely to exceed the upper end of its five-year average sales growth target of 4–5% for the 2021–2025 period.
