Integrated Annual Report 2024

Where?

In the right space

The rise of holistic well-being is fueling new market opportunities in nutrition, health, and beauty. We can take advantage by positioning ourselves at the intersection of lifespan vitality, preventative health and well-being.

Key trends:

50

%

of global consumers attribute high importance to healthy, natural, and clean nutrition

50

%

The share of spend on preventative health versus curing is expected to increase from 20% to 50%

73

%

The demand for fragrances and beauty is accelerating, with a higher spend among younger generations, with 73% saying scent is a key purchase driver

Why?

To bring progress to life

We will capture these key trends by becoming a consumer-focused company in a Category of One. As creators and innovators in nutrition, health, and beauty, fueled and backed by science, we combine the essential, the desirable, and the sustainable to bring progress to life.

We bring progress to life (graphic)

How?

With our unique business model

We operate a customer-focused business model backed by science and sustainability.

Using our research and innovation expertise, we create a toolbox of synthetic, biological, and natural ingredients which we combine with best-in-class customer intimacy, consumer insights, and technical application expertise to offer customers the solutions to their requests (i.e., their ‘briefs’).

Accelerating growth

What?

Achieving our mid-term targets

We are confident our strategy will help us to achieve our mid-term objectives, including:

5–7

%

Organic sales growth

22–23

%

Adjusted EBITDA margin

>

10

%

Cash to sales conversion

People

  • A diverse Global Management Team
  • Total Recorded Incident Rate <0.25
  • Employee engagement >80%

Planet

  • 42% reduction in Scope 1 & 2 emissions
  • 25% reduction in Scope 3 emissions
(both by 2030)
Gold perfume bottle in natural environment (photo)

Perfumery & Beauty:
Creating an award-winning fragrance with universal appeal

Read the story
Person holding a porridge bowl and a spoon with porridge and fruits (photo)

Taste, Texture & Health:
Working in synergy to formulate a new yogurt range

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A person holding a glass full of yellow pills (photo)

Health, Nutrition & Care:
Accelerating a customer’s transition to algal omega-3

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Results