Givaudan Raises Dividend as 2021 Earnings, Sales Grew
28 January 2022 - 5:36PM
Dow Jones News
By Cecilia Butini
Swiss flavor-and-fragrance company Givaudan SA on Friday said
that it would propose a higher dividend after reporting increased
earnings and sales for 2021.
The company posted net profit of 821 million Swiss francs
($881.5 million) for the year, up from CHF743 million in 2020, and
earnings before interest, taxes, depreciation and amortization of
CHF1.48 billion increasing from CHF1.38 billion. Sales rose to
CHF6.68 billion in 2021 from CHF6.32 billion in 2020, a growth
which the company said it observed across all product segments and
geographies.
Its fine fragrances and active beauty segments, which were most
affected by the first phases of the pandemic, recovered to
double-digit growth, the company said.
Givaudan also said it would propose a dividend increase to CHF66
a share at its next annual general meeting in March. This would
represent a 3.1% increase versus 2020's dividend, the company
said.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
January 28, 2022 01:21 ET (06:21 GMT)
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