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Sales are down but fine fragrance is on the rise.
July 11, 2012
By: TOM BRANNA
Editor
International Flavors & Fragrances Inc. (IFF) posted a 1% drop in first quarter 2012 revenue to $711 million. “IFF continued to execute its strategy and generated results broadly in line with our expectation,” said IFF chairman and chief executive officer Doug Tough. “The diversity and strength of our category and geographic portfolios, combined with our cost discipline, helped ease the impact of rising raw material costs, softness in fragrance ingredients, and a ch...
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