Financial News

Record Sales for 2018 at IFF

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By: TOM BRANNA

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 International Flavors & Fragrances Inc. posted favorable financial results for the year ended Dec. 31, 2018. For the full year, net sales rose 17% to $4.0 billion, driven by mid-single digit growth in both taste and scent and the contribution of sales related to the Frutarom acquisition. For the scent business unit, specifically, sales increased 6% to $1.9 billion. Fragrance ingredients grew high-single digits, led by price increases and strong double-digit growth in cosmetic active ing...

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