Financial performance
Full year Group sales were CHF 6,915 million, an increase of 4.1 % on a like-for-like (LFL) basis and a decrease of 2.8% in Swiss francs when compared to 2022.
The good growth was achieved across product segments and geographies, with the high growth markets growing at 10.0% on an LFL basis and the mature markets declining by 0.6% LFL.
Solid performance puts us in a position to drive inclusive, economic growth, supporting our customers’ own market expansion plans and providing them with growth opportunities through the use of our products.
6,915
CHF million sales like-for-like1
+4.1%
sales growth
13.3%
free cash flow as a % of sales
68.00
CHF dividend per share²
Like-for-like (LFL) is defined as: (a) sales calculated using the invoicing exchange rates of the prior year, and (b) excluding sales of businesses acquired from the acquisition date until the period end date, up to 12 months from the acquisition date.
Subject to approval of shareholders at the AGM on 21 March 2024.
Group sales
Free cash flow
Taste & Wellbeing sales
Fragrance & Beauty sales
Comparable EBITDA margin
Group operating income