Company News, Financial News

Net Sales Decrease for IFF in Q1 2024

Reported net sales for the first quarter were $2.90 billion, a decrease of 4% versus the prior-year period.

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By: Lianna Albrizio

Associate Editor

Net sales for IFF in the first quarter were $2.90 billion, a decrease of 4% versus the prior-year period per the first quarter 2024 consolidated financial results ended March 31, 2024.   On a comparable basis, currency neutral sales increased 5% versus the prior-year period led by growth in scent. Volume grew mid-single digits and continued to improve sequentially across nearly all businesses.   “We have started the year well, with good results across the majority of our bu...

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