2023 First quarter sales Solid start to the year

Pricing actions were implemented in all business units.

,In the first three months of 2023 Givaudan recorded sales of CHF 1,773 million, an increase
of 3.6% on a like-for-like (LFL) basis and a decrease of 0.4% in Swiss francs.

With sustained higher input costs in 2023, the Company is continuing to implement price
increases in collaboration with its customers to fully compensate for the increases in input costs.

On a regional basis, the sales performance was driven by Europe, which increased by 6.7% LFL,
South Asia, Africa and the Middle East sales which increased by 23.4% and Latin America,
where sales increased by 10.9% LFL. Sales in North America declined by 10.7% LFL and Asia
Pacific declined by 3.8%. Pricing actions were implemented in all regions.

 

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