Gilles Andrier, CEO of the company, presented the 2016 annual performance of the company, which showed a solid financial performance, meeting the 2020 guidance. The company achieved a 4.2% year-on-year growth in sales, with EBITDA of 11.26 billion Swiss francs, an increase of 5.2% in Swiss francs. The company's EBITDA margin was 24.1%, and net income was 6.44 billion Swiss francs, an increase of 3.1%. The company generated free cash flow of 12.8% of sales, and proposed a dividend of 56.00 Swiss francs per share, an increase of 3.7%. The company's performance was driven by strong growth in mature markets, and the acquisition of a company in a mature market. The company's performance in Latin America, Asia Pacific, and North America was strong, with double-digit growth in sales and EBITDA. The company's performance in the flavor sector was driven by strong growth in customer segments and health and wellness, and a 17.1% growth in Latin America, driven by Argentina and Brazil. The company's performance in the fragrance sector was driven by strong growth in customer segments and health and wellness, and a 5.1% growth in Asia Pacific.
