International Flavors & Fragrances ( (IFF) ) has released its Q4 earnings. Here is a breakdown of the information International Flavors & Fragrances presented to its investors.
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International Flavors & Fragrances (IFF) operates within the flavors, fragrances, and food ingredients sectors, renowned for its innovation and commitment to enhancing the sensory experience of everyday products.
IFF reported a stable financial performance for the full year 2024, with net sales reaching $11.48 billion, maintaining the same level as the previous year. The company highlighted a 6% increase in currency-neutral sales, driven by significant growth in the Scent segment and solid performances in Health & Biosciences and Nourish.
Key financial metrics indicate that IFF achieved an adjusted operating EBITDA of $2.21 billion, a 16% increase from the previous year. The adjusted earnings per share, excluding amortization, stood at $4.31. In segment performance, the Scent segment saw a 25% rise in adjusted operating EBITDA, while Pharma Solutions led with an 81% increase in the fourth quarter, reflecting strong volume growth and productivity gains.
The company’s strategic focus for 2025 involves increasing investments in research and development, commercial capacity, and technology to further strengthen its market position. Despite macroeconomic challenges, IFF remains optimistic about continuing to create long-term shareholder value.
Looking ahead, IFF anticipates sales for 2025 to range between $10.6 billion and $10.9 billion, with a focus on sustaining volume growth across all business units. The company is prepared to navigate foreign exchange and divestiture impacts, projecting a robust growth trajectory in adjusted operating EBITDA.
