International Flavours & Fragrances (IFF)
07 April 1994 00:00 [Source: ICB]
International Flavours & Fragrances (IFF) expects 1994 to be 'a year of solid growth...particularly in the second half'. Company chairman Eugene Grisanti said sales and earnings should 'grow even stronger as the year progresses and the recessions in the US and Europe begin to ebb'. In Q1, IFF reported pre-tax profit up 5.1% to $94m from $89.4m a year earlier and sales up 4.6% to $323.5m from $309.1m, despite the unfavourable impact of the strong dollar.
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