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Currency neutral sales increased 1% versus the prior-year period, led by Scent and Pharma Solutions.
May 9, 2023
By: Lianna Albrizio
Associate Editor
International Flavors and Fragrances, Inc. has reported financial results for the first quarter ended March 31, 2023, ahead of expectations amidst a challenging operating environment, company official said. Net sales for the first quarter were $3.03 billion, flat versus the prior-year period. On a comparable basis, currency neutral sales increased 1% versus the prior-year period, led by Scent and Pharma Solutions. “Our team successfully navigated soft end-market demand and customer inven...
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