Givaudan S.A. (0QPS) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the Givaudan 2023 Full Year Results Conference Call and Live Webcast. I am Sandra, the course call operator. I would like to remind you that all participants have been listened on in 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 Landrier, CEO. Please go ahead, sir. Thank you. Ladies and gentlemen, good afternoon, good evening to Asia, and good morning to the Americans. Welcome to our 2023 full year results conference call. Tom Hallam, our CFO, will also be on this call. We will take you through the presentation before answering your questions at the end. All relevant documents related to the fuel year and results, including the slides which will be presented now, have been published this morning and are available in the results center on our website. So I'm very pleased. to present to you a strong set of figures with a sustained growth and a record high free cash flow for 2023. This has been achieved despite the challenging environment that we have faced throughout the year with de-stocking in end markets, the impact of shrink inflation and the sustained high raw material costs. Those results have been achieved thanks to the strategic choices which have consistently guided us for the long and the short term. To name three of them. Our focus on high value added consumer differentiating supported by continuous innovation, ingredients and solutions. Our natural hedges across customers, geographies and product segments, which help deliver c...