×
2 543
Fashion Jobs
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
JOHN LEWIS
Section Manager Customer Delivery Speke Cdh
Permanent · SPEKE
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buying Admin Assistant
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Operative - pm Shift
Permanent · WELLINGBOROUGH
BOOHOO GROUP
Product Insights Manager
Permanent · MANCHESTER
BOOHOO GROUP
Technical Delivery Manager
Permanent · MANCHESTER
BOOHOO GROUP
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Senior CRM Automation Executive
Permanent · MANCHESTER
BOOHOO GROUP
Senior Project Manager
Permanent · MANCHESTER
BOOHOO GROUP
Warehouse Team Manager - Twilight Shift
Permanent · WELLINGBOROUGH
ESTEE LAUDER
Clinique - Consultant - Boots Oracle, Reading - 11 Hours, 2 Days (Sat. Sun.) - Part Time, Permanent
Permanent · Reading
Ads
Published
May 8, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Fragrance revenues boost jump in sales at IFF

Published
May 8, 2019

New York-based flavoring and fragrance producer International Flavors & Fragrances, Inc. (IFF) saw a 39% increase in net sales in the first quarter of 2019, thanks to the contribution of its recently acquired Frutarom business and strong progress in its fine fragrance segment.


Based in New York, IFF has offices in 37 countries - Instagram: @iffinc

 
In the second quarter ended March 31, 2019, the company reported sales of $1.3 billion, up from $931.0 million in the prior-year period.
 
Sales in IFF’s scent business unit increased 1%, or $6.4 million, to $488.4 million in the quarter, while currency neutral sales rose 4%, reflecting growth across all regions and categories. Fine fragrances performed particularly well, seeing double-digit sales growth, while consumer fragrances posted a mid-single-digit increase.

The company’s taste business unit saw a decrease of 1%, or $4.4 million, in its sales, which totaled $444.6 million. Currency neutral sales, however, rose 2%.

Frutarom, acquired by IFF in October of last year, contributed $364.4 million in sales to the company’s quarterly total.
 
Despite IFF’s progress with its sales, however, net income attributable to the company fell 16% year over year to $108.8 million, or $0.96 per diluted share, down from $129.4 million, or $1.63 per diluted share, in Q1 2018.
 
The company’s profits were impacted principally by a 49% increase in selling and administrative expenses and a 46% rise in the cost of goods sold. Research and development expenses also rose 15%, while the company’s restructuring activities resulted in net charges of around $16.2 million.
 
“Our first quarter results were in line with our expectations and reflect strong progress in the company’s transformation following the Frutarom acquisition,” said IFF Chairman and CEO Andreas Fibig in a release. “In the first quarter of 2019, we achieved solid sales growth across all three of our divisions and maintained strong profitability levels despite the continued higher raw material cost environment.”
 
IFF currently expects to report full-year sales of between $5.2 billion and $5.3 billion in fiscal 2019, while adjusted EPS is predicted to be in the range of $4.90 to $5.10.

Copyright © 2022 FashionNetwork.com All rights reserved.