Givaudan SA – Annual report – 31 December 2025
Industry: manufacturing
29. Contingent Liabilities (extract)
In November 2024 an explosion occurred at the Givaudan Sense Colour facility in Louisville, United States causing significant direct and indirect property damage and resulting in two fatalities and other injuries to Givaudan employees. A comprehensive investigation into the explosion is ongoing and Givaudan is fully cooperating with all of the supporting agencies to determine the cause of the incident. As at 31 December 2025, the Group has recognised provisions for an amount of CHF 13 million (see note 25). In addition, several lawsuits have been filed against multiple Givaudan US affiliates. However, the investigations have not yet reached full conclusion, and Givaudan is not in a position to estimate the full financial impact arising therefrom.
25. Provisions (extract)
Other provisions
In November 2024 an explosion occurred at the Givaudan Sense Colour facility in Louisville, United States causing significant direct and indirect property damage and resulting in two fatalities and other injuries to Givaudan employees. A comprehensive investigation into the explosion is being undertaken and Givaudan is fully cooperating with all of the supporting agencies to determine the cause of the incident. As at 31 December 2025, Givaudan recognised a provision of CHF 13 million. However, the investigations have not yet reached full conclusion and at the date of approval of these financial statements, uncertainties remain resulting in contingent liabilities as refered to in Note 29.
The other provisions also consist of provisions related to long-term deferred compensation plans and to restoring expenses related to leased facilities.
Accounts examples 