Givaudan reported earnings results for the first half of 2016. For the period, the company Net profit increased 7.6% year on year to CHF 368 million, backed by higher sales. Sales were up 6.9% to CHF 2.33 billion, with operating profit rising 16.8% to CHF 500 million. Earnings before interest, tax, depreciation and amortization (EBITDA) grew 12.7% year on year to CHF 638 million, with margins up at 27.3% from 25.9% in the previous corresponding period.

By the end of the decade, the company aims to outpace the market with 4% to 5% sales growth and a free cash flow of 12% to 17% of sales.