Givaudan SA has partnered with AkzoNobel Salt Specialties on sodium reduction solution for processed meat. AkzoNobel's OneGrain technology will be used to combine salt, potassium chloride and flavor in salt replacer Suprasel OneGrain TS-M100, which will tastes, flows, blends and dissolves in similar manner as regular salt. AkzoNobel Salt Specialties, along with Givaudan has also used TasteSolutions flavor technology in Suprasel OneGrain TS-M100 to restore the salt profile and eating qualities for reduced-sodium processed meat.

Givaudan SA Presents at West Coast Symposium, Mar-13-2013 . Venue: The Ritz-Carlton, 600 Stockton Street, San Francisco, CA 94108, United States.

Givaudan AG reported group earnings results for the year 2012. For the year, the company’s EBITDA improved by 15% to CHF 870 million, more than twice the rates of sales growth, resulting in an improvement EBITDA margin of 20.4%. Free cash flow was CHF 512 million. This is 12% of sales and fully on-track with midterm guidance. The company’s sales rose 6.6%, totaling CHF 4.3 billion. As a result of the good operating performance and lower non-operating expenses, the net income increased by 63% to CHF 411 million. Basic earnings per share reached CHF 45.15 versus CHF 27.71 last year. The strong cash flow allowed to reduce the net debt by CHF 300 million to about CHF 1.2 billion. Income before tax was CHF 514 million versus CHF 380 million in 2011, mainly driven by the operating performance, with an improved EBITDA, the lower charges for the amortization of intangibles assets and no integration costs. The operating cash flow improved significantly compared to last year. The company delivered an operating cash flow of CHF 781 million compared to CHF 456 million in the previous year. Total investments in property, plant and equipment were CHF 148 million, down from CHF 176 million incurred in 2011. The company’s board of directors proposed a dividend of CHF 36 per share. This represents an increase of 64% over 2011.