2025 was a year of rapid shifts, geopolitical challenges and macroeconomic pressures. Our approach was to maintain our strategic focus and staying the course.
After the divestment of deprioritized activities and the tuning of our portfolio, we are now well set up to accelerate organic growth. Harnessing everything from our innovation and science capabilities to our broad portfolio, world-class talent, and our sustainability leadership, we will focus on opportunities for above-average organic growth in high-growth, high-margin segments to deliver on our mid-term financial targets.
In 2025, we completed the tuning of our portfolio as per plan. We continued our focused divestment strategy and carved out our ANH business for sale in a two-step process that was signed in recent weeks. At the same time, we took careful measures to eliminate any potential stranded costs associated with exiting this business. Throughout the year, we drove functional excellence across all our operations, positioning ourselves for sustainable growth.
Focusing on macro trends
We will achieve our objectives by concentrating on three macro-trends that speak to a growing demand for a holistic approach to well-being:
An increasing focus on lifespan vitality
A growing awareness of the potential of preventative healthcare
Rising expectations concerning well-being
Each of these presents attractive opportunities for value creation, and our investment policy targets these opportunities. Aligning our approach with selected global macro trends in consumer needs and expectations is designed to ensure we achieve our mid-term targets. Our unique business model positions us ideally to capture these market opportunities effectively.
Our Business Units
Each of our Business Units has a clear value-creation strategy to bring a highly targeted focus to every market it serves.
Perfumery & Beauty (P&B)
P&B is a leading creation and innovation partner for the most iconic global and local brands in consumer goods, lifestyle, and luxury beauty. The business unit is home to some of the best talent in the industry, boasts an unmatched palette of captive ingredients, and is supported by a vertically integrated supply chain. Powered by our science-based innovations in Fragrance and Beauty & Care, we make our customers’ products more desirable, essential, and sustainable, driving consumers’ preference.
Taste, Texture & Health (TTH)
TTH tackles some of society’s biggest challenges: providing nutritious, healthy and sustainable food and beverages, and accelerating the diet transformation with appealing taste and texture, and nourishing a growing global population while minimizing food loss and waste. TTH consists of Taste, which includes flavors, natural extracts, sugar reduction solutions, and Ingredients Solutions, which includes food enzymes, hydrocolloids, cultures, natural colorants, nutritional ingredients, and plant-based proteins.
Health, Nutrition & Care (HNC)
HNC supports the health of the world’s growing population by delivering a range of innovative nutrition and care solutions. It serves the early life nutrition, dietary supplements, pharmaceutical, medical nutrition, and biomedical materials markets, as well as the nutrition improvement sector. HNC also provides a suite of customized solutions (premix, market-ready solutions, and personalized nutrition) as well as a range of services in regulatory affairs and nutrition.