Givaudan reported solid business performance in a challenging environment during the first half of 2022. The company's revenue grew by 8.3% to reach CHF 3,652 million, driven by a 10.9% increase in Taste & Wellbeing sales. The Fragrance & Beauty segment also saw growth, up 5.3%. Givaudan's gross profit decreased by 1.4% to CHF 1,459 million, while EBITDA increased by 0.9% to CHF 816 million. The company's operating income grew by 2.9% to CHF 631 million, while income attributable to equity holders decreased by 8.4% to CHF 440 million. Givaudan's operating cash flow decreased by 68.4% to CHF 131 million, while free cash flow decreased by 179.0% to CHF (147) million. The company's earnings per share decreased by 8.5% to CHF 47.74. Overall, Givaudan's performance was driven by strong demand for its products in the Taste & Wellbeing segment, while the Fragrance & Beauty segment remained challenging.
