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Financing the agrifood system transformation – There is no lack of money to do it

The case for agrifood system transformation is clear. The blog discusses seven relevant financing sources that could be tapped into to move to a global agrifood system that, besides being productive, is resilient, sustainable, inclusive, nutritious, and net-zero. ....

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Firmenich delivers record results despite challenging macro-economic environment

Geneva (Switzerland], August 5 (ANI/PRNewswire): Firmenich International SA, the world's largest privately-owned Fragrance and Taste company, announces its Full Year Results for the 52 weeks ended 30 June 2022. Financial Highlights Revenue of CHF 4,723 million, up +11.1 per cent [1] Adjusted EBITDA of CHF 905 million, up +10.9 per cent Adjusted EBITDA margin 19.2 per cent, up +10 basis points Free Cash Flow of CHF 414 million, down -19.1 per cent, or -5.9 per cent on a comparable basis[2] EBITDA to Free Cash Flow conversion ratio of 51.8 per cent Record Revenue and Adjusted EBITDA, despite a challenging global environment for raw materials, logistics and energy costs Outperforming the industry in topline growth and gaining market share, underpinned by double-digit Revenue growth across both Perfumery & Ingredients and Taste & Beyond, on the back of improving customer demand Revenue growth across all regions, and strong momentum in our key geographies, including Europe (+18. ....

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