Givaudan (GIVN) Q1 2026 TU earnings summary

Executive summary

• Achieved sales of CHF 1,875 million in Q1 2026, up 2.8% like-for-like (LFL) but down 5.2% in Swiss francs compared to Q1 2025, reflecting strong prior year comparables and currency headwinds.

• Maintained high operational and supply chain performance despite geopolitical volatility and challenging end market conditions.

• Implemented price increases to offset rising input costs.

Financial highlights

• Group sales: CHF 1,875 million (+2.8% LFL, -5.2% CHF) vs. CHF 1,977 million in Q1 2025.

• High growth markets sales: +4.0% LFL; mature markets: +1.7% LFL.

• Currency effects negatively impacted reported sales by -9.2%.

• Acquisition impact contributed 1.2% to sales growth.

Outlook and guidance

• Targets 4–6% average LFL sales growth and over 12% average free cash flow over the next five years.

• Focuses on sustainable growth, reducing GHG emissions, and sourcing responsibly by 2030.

• Plans to pursue strategic acquisitions aligned with core business and adjacent spaces.