GVDNY Givaudan SA (PK)

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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