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Investing.com -- Givaudan (SIX:GIVN) unveiled fresh 2030 growth targets alongside a major leadership reshuffle, with long-serving CEO Gilles Andrier set to hand over the role to Christian Stammkoetter, currently at Danone, in March 2026.
The Swiss fragrance and flavour maker also announced that Chairman Calvin Grieder will step down from the board that same year. Andrier is expected to be nominated as his successor at the company’s 2026 annual meeting.
Givaudan shares fell 1.2% in European trading after the market open.
Under its new long-term strategy, Givaudan is aiming for average like-for-like sales growth of 4–6% and free cash flow above 12%.
The LFL growth “will be driven by a continued extension of the existing strategy, including greater customer reach, higher growth from emerging markets, and expanding into high-value adjacencies,” Jefferies analysts said in a note.
The company added it would continue pursuing acquisitions to strengthen its portfolio in faster-growing segments.
“Our ambition for 2030 is to drive sustainable growth with our customers,” Andrier said in the announcement.
“We will achieve this by leveraging our strengths to further build our position as the undisputed leader in our core business of fragrances and flavours, as well as in selected high value-added adjacencies in alignment with our purpose and our targeted financial profile.”
The updated targets come as Givaudan looks set to exceed its 2025 goals of 4–5% average organic growth and free cash flow of at least 12% of sales, though it warned of softer demand and a more cautious consumer backdrop.
Full-year earnings guidance was reaffirmed.