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

IFF revises sales guidance

This article was originally published in The Rose Sheet

Executive Summary

International Flavors & Fragrances expects second quarter earnings per share will be in line with previous guidance, despite lower than anticipated sales in the quarter, the company states. Flavors and fragrance house anticipates reported dollar sales to increase 2%-3% in the period rather than 5% as previously predicted. Sales benefited from the strengthening of various currencies in relation to the U.S. dollar, but had exchange rates remained constant between 2003 and 2002, sales for Q2 would have declined approximately 5%-6%. Sales performance reflects "marked slow-down in customer order activity" in the quarter, particularly in Europe and North America, IFF adds...
Advertisement
Advertisement
UsernamePublicRestriction

Register

RS011352

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