Givaudan S.A. (0QPS) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the GIVODOWN 2025 Half-Year Results Conference Call and Live Webcast. I am Moira, the Chorus Call Operator. I would like to remind you that all participants will be in listen-only mode and the conference has been recorded. The presentation will be followed by a Q&A session. You can register for questions at any time by pressing star and 1 on your telephone. For operator assistance, please press star and 0. The conference must not be recorded for publication or broadcast. At this time, it's my pleasure to hand over to Gilles André, CEO. Please go ahead. Thank you. Dear ladies and gentlemen, welcome to our 2025 Half-Year Results Conference Call. Stuart Harris, our CFO, is sitting next to me on this call today, and we will take you through the presentation before answering your questions at the end. All relevant documents related to the 2025 half-year results, including the slides we are presenting now, have been published this morning and are available in the results center on our Givaudan website. So, we are very pleased with our continued strong financial performance in the first half of 2025, despite an environment with ongoing geopolitical and macroeconomic challenges. sales remain strong with good growth across all business segments, all geographies and customer groups against very strong prior year comparables. These results once again demonstrate the value that Givaudan brings to its customers through our highly specialized products and solutions. Now, let me give you some details with the performance highlights on slide four. In the first half of 2025, the group recorded sales of 3,864,000,000 Swiss francs, an increase of 6.3% on the like-for-like basis. As a reminder, prior year was 12.5%, and an increase of 3.4% in Swiss franc...