02.14.19
International Flavors & Fragrances Inc. posted financial results for the full 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.
Foe 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 Ingredients. Consumer Fragrances grew mid-single digits, including price increases, as performance was driven by double-digit growth in Hair Care and mid-single digit growth in Fabric Care, Home Care and Toiletries.
“2018 was a pivotal year in the long and successful history of IFF,” said CEO Andreas Fibig. “As an organization, we delivered on all our key financial metrics and completed our acquisition of Frutarom – the largest in our industry to date – all while successfully navigating a challenging and dynamic market environment. We achieved strong advancements in both top and bottom line results in 2018.”
In October 2018, the Frutarom acquisition was completed.
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.
Foe 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 Ingredients. Consumer Fragrances grew mid-single digits, including price increases, as performance was driven by double-digit growth in Hair Care and mid-single digit growth in Fabric Care, Home Care and Toiletries.
“2018 was a pivotal year in the long and successful history of IFF,” said CEO Andreas Fibig. “As an organization, we delivered on all our key financial metrics and completed our acquisition of Frutarom – the largest in our industry to date – all while successfully navigating a challenging and dynamic market environment. We achieved strong advancements in both top and bottom line results in 2018.”
In October 2018, the Frutarom acquisition was completed.