HBW Insight is part of the Business Intelligence Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By

UsernamePublicRestriction
UsernamePublicRestriction

In Brief: IFF

This article was originally published in The Rose Sheet

Executive Summary

IFF: Net sales for 1997 flat at $1.43 bil., compared to $1.44 bil. in 1996, International Flavors & Fragrances reported Jan. 29. Net income for the year increased 14.9% to $218.2 mil., excluding a one-time $49.7 mil. operations charge in the second quarter of 1996. Including the charge, net income decreased slightly (1.3%). For the year, North American fragrance sales increased 2%, while Western European fragrance sales decreased 5%. On a constant currency basis, fragrance sales in Western Europe grew 5%. Regions outside these areas had a 6% increase in fragrance sales. The earnings statement follows an earlier announcement that earnings per share would be lower than expected due to the economic slowdown in the Far East and Brazil. The company said it expects to finish 1998 with "strong gains" since new product development in both flavors and fragrances is high...
Advertisement
Advertisement
UsernamePublicRestriction

Register

RS005072

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel