Givaudan, a leading fragrance and flavor company, delivered strong business momentum in 2018, investing for the future. Sales and results grew by 9.4% and like-for-like sales by 5.6%, respectively. Gross profit increased by 3.5% and EBITDA by 5.2%. Operating income and income attributable to equity holders of the parent both decreased by 1.7%. Operating cash flow increased by 6.4% and free cash flow by 18.4%. Net debt increased by 165.1% and leverage ratio decreased by 165.1%. The company's performance review for the year ended December 31, 2018, is presented in the financial statements.
