Givaudan FY22 EBITDA Slightly Declines; LFL Sales Up 5.3%

(RTTNews) - Givaudan (GVDBF.PK) reported net income of 856 million Swiss francs in 2022 compared to 821 million francs in 2021, an increase of 4.2%. Basic earnings per share was 92.83 francs compared to 89.03 francs, last year. EBITDA decreased by 0.4% to 1.48 billion francs in 2022.

The company reported that its gross margin decreased to 38.8% in 2022 compared to 42.7% in 2021 mainly as a result of the dilution effect of the pricing actions to compensate for higher input costs, as well as the higher raw material, energy and freight costs.