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The scent category outperformed the taste business unit.
February 11, 2021
By: Charlie Sternberg
Associate Editor
International Flavors & Fragrances Inc. has reported financial results for the fourth quarter and full year ended December 31, 2020. Reported net sales for the fourth quarter totaled $1.27 billion, a decrease of 1% from $1.28 billion in 2019. On a reported basis, fragrance sales increased 5% to $504.2 million, or 3% on a currency neutral basis, with growth in nearly all regions and most categories. Performance was strongest in Consumer Fragrance driven by strong growth in Home Care ...
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