Givaudan Company Research Report

Company Overview

Name and Mission

Name: Givaudan

Mission: Creating for happier, healthier lives with love for nature.

Founding Information

Founded: No information is available

Founders: No information is available

Key People

Chief Executive Officer: Gilles Andrier

Chief Financial Officer: Stewart Harris

President Taste & Wellbeing: Louie D’Amico

President Fragrance & Beauty: Maurizio Volpi

Head of Givaudan Business Solutions: Anne Tayac

Head of Global Human Resources and EHS: Simon Halle-Smith

Head of Global Procurement and Sustainability: Willem Mutsaerts

Headquarters and Employees

Headquarters: Chemin de la Parfumerie 5, 1214 Vernier, Switzerland

Number of Employees: Over 16,260 full-time employees

Financials

Revenue:

2023 Full Year Sales: CHF 6,915 million

EBITDA: CHF 1,473 million (21.3% EBITDA margin)

Net Income: CHF 893 million

Dividend per Share: CHF 68.00

Core Competency

Known For: Givaudan is a global leader in the creation of flavours and fragrances. The company is renowned for producing ingredients that feature in food and beverage products, as well as in beauty and personal care items.

Products

Product Offerings and Key Features

Taste & Wellbeing

1. Flavours

Description: Superior flavour solutions to deliver great food and beverage experiences.

Key Features: Enhances taste, aligns with consumer clean label demands, and offers innovative applications in various categories like beverages, dairy, and savoury.

2. Nutrition

Description: Solutions for reducing undesirable ingredients and adding health-supporting nutrients.

Key Features: Fat reduction, sugar reduction, salt reduction, and enrichment with essential nutrients.

3. Health Solutions

Description: Bioactive ingredients delivering intuitive and clinically proven health benefits.

Key Features: Botanical solutions that support immune health, cognitive performance, and physical wellness.

4. Delivery Systems

Description: Innovative systems to enhance flavour impact and functionality.

Key Features: Utilizes technologies such as spray drying and granulation to ensure sustained flavour and freshness.

Fragrance & Beauty

1. Consumer Products

Description: Fragrances designed for personal care, home care, fabric care, and oral care products.

Key Features: Achieves long-lasting scent, tailored to various application needs using advanced fragrance encapsulation technologies.

2. Fine Fragrances

Description: Custom scents crafted to capture market trends and consumer preferences.

Key Features: Rich heritage of over 250 years, blends art and science to create iconic fragrances.

3. Active Beauty

Description: Ingredients and active agents developed from cutting-edge technologies.

Key Features: Utilizes marine biotechnology, green fractionation, and microbiomics for enhanced beauty product functionality.

4. Ingredients

Description: High-quality fragrance molecules and natural ingredients.

Key Features: Strict sustainability parameters, including renewable and biodegradable solutions, to support eco-friendly and responsible formulations.

Recent Developments

Corporate Developments

1. 2024 Half Year Results:

Announcement of strong financial performance with CHF 3,737 million in sales, a 12.5% increase on a like-for-like basis.

2. Acquisition of b.kolormakeup & skincare:

Completed on 1st July 2024, this acquisition aims to boost Givaudan’s offerings in finished make-up and skincare products targeted at multiple consumer segments.

3. CEO Gilles Andrier’s Hall of Fame Induction:

Recognized in The Fragrance Foundation Hall of Fame, underscoring his contribution to the global fragrance industry.

4. Fair-ON-Pay Certification:

Givaudan received certification for its equal pay practices, reflecting its commitment to fair and inclusive employment practices globally.

Innovation and Strategy

1. Launch of BioNootkatone:

Developed through biotechnology, BioNootkatone is a sustainable citrus flavour that aligns with Givaudan’s FiveCarbon Path™ initiative to enhance eco-friendly product offerings.

2. SaniScent™ Technology:

Launched to enhance the hygiene power of fragrances, addressing the rising demand for health and cleanliness in consumer product segments.

3. MISTA Collaboration:

Partnered with MISTA in San Francisco to create an innovation ecosystem, helping startups and partners optimize new food and beverage solutions.

Conclusion

Givaudan continues to drive innovation and sustainability in the flavour and fragrance industry. With its strong financial performance, strategic acquisitions, and advanced product offerings, the company is well-positioned to meet the evolving needs of its customers and consumers globally.