Swiss fragrance and flavor company Givaudan on Tuesday, July 22, announced an increase in sales for the first half of 2025, thanks to a strong performance in the fine fragrances sector and price increases.
In the period from January to the end of June, the Geneva-based company reported net profit of 592 million Swiss francs (634 million euros), up 0.7 percent year-on-year. Sales rose 3.4 percent to 3.8 billion francs, according to a press release. Excluding the impact of currency fluctuations and acquisitions, sales increased 6.3 percent.
In comparison, experts surveyed by Swiss agency AWP expected an average profit of CHF 606 million on revenue of CHF 3.8 billion.
In the Fragrance & Beauty segment, sales increased by 8.6%, excluding currency fluctuations, with the fine fragrances category growing by 18%. Functional fragrances , which include fragrances for personal hygiene products, laundry detergents and detergents, increased by 6.1%, while the cosmetics ingredients segment grew by 5.7%.
In the Taste & Wellness division , which covers ingredients for snacks, beverages and ready meals as well as meat and dairy substitutes, sales rose 4.1% excluding the impact of exchange rates, but fell 0.1% when converted into Swiss francs.
In a press release, the company said it had raised prices to offset “increased production costs” in 2025, “including tariffs.”
Givaudan also added that it was “highly likely that the company will exceed the upper limit” of its sales target set for the period 2021 to 2025. The group has set a target of 4-5% for that period, but has recorded an average growth of 7.2% over the past four years, it said.