FIRMENICH ANNOUNCES SOLID RESULTS OUTLOOK FOR FISCAL YEAR ENDED 30 JUNE 2022
This announcement is not for release, publication or distribution, directly or indirectly (in whole or in part) in, into, or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction, including the United States, Canada, South Africa, Australia and Japan.
GENEVA, May 31, 2022 /PRNewswire/ — In conjunction with today’s announcement regarding the proposed merger with DSM, Firmenich International SA, the world’s largest privately-owned Taste and Perfumery company, announces its financial results outlook for the Fiscal Year 2022 (12 months ended 30 June 2022).
Outlook FY 2022
- Revenue above CHF 4.6bn, equivalent to a year-over-year organic growth at constant currency above 9%.
- Adjusted EBITDA above CHF 900m, growing double digit year-over-year on an organic basis at constant currency. Including the 12-month pro forma impact of acquisitions, Adjusted EBITDA above CHF 910m.
FY 2022 Results publication
Firmenich expects to announce its FY 2022 financial results on 5 August 2022. Full details of the Investor Call will be announced nearer to the results publication date.
Merger website
For more information on today’s proposed merger announcement, please visit www.creator-innovator.com.
Disclaimer
This document and the related results outlook contain forward-looking statements related to Firmenich International SA (the “Company”) and its future business and financial performance and future events or developments, including statements regarding: trends; exchange rates; plans, strategies and objectives of management; anticipated production; capital costs and scheduling; operating costs and supply chain issues; provisions and contingent liabilities; tax and regulatory developments.
Forward-looking statements can be identified by the use of terminology such as ‘intend’, ‘aim’, ‘project’, ‘anticipate’, ‘estimate’, ‘plan’, ‘believe’, ‘expect’, ‘may’, ‘should’, ‘will’, ‘continue’, ‘annualised’ or similar words. These statements discuss future expectations concerning the results of operations or financial condition, or provide other forward-looking statements.
These forward-looking statements are not guarantees, or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control, and which may cause actual results to differ materially from those expressed in the statements contained in this presentation. Readers are cautioned not to put undue reliance on forward-looking statements. Other than in accordance with its legal or regulatory obligations, the Company does not undertake to update or revise any forward-looking statement to reflect any changes in events, conditions or circumstances on which any such statement is based.
Non-IFRS measures have not been subject to audit or review and should not be considered as an indication of, or alternative to, an IFRS measure of profitability, financial performance or liquidity.
Nothing in this presentation should be construed as either an offer to sell, or a solicitation of an offer, to buy or sell securities in any jurisdiction, or be treated or relied upon as a recommendation or advice by the Company.
This document has been prepared for, and only for, the members of the Company, as a body, and no other persons. The Company, its directors, employees, agents or advisers do not accept or assume responsibility to any other person to whom this document is shown or into whose hands it may come, and any such responsibility or liability is expressly disclaimed.
This information is provided by the Company pursuant to the EU Market Abuse Regulation 596/2014 and the Swiss FMIA. The information was submitted for publication, through the contact persons set out below, at 07:00 CET on 31 May 2022.
About Firmenich
Firmenich is the world’s largest privately-owned taste and perfumery company and has been family-owned for 127 years. The Swiss company specializes in perfumes, flavors, and ingredients and is renowned for its world-class research as well as leadership in sustainability. Firmenich delivered CHF 4.5 bn of sales in the calendar year 2021 with Adjusted EBITDA margin of c. 20%. More information about Firmenich is available at www.firmenich.com.
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