IFF sales
This article was originally published in The Rose Sheet
Executive Summary
Second quarter North American sales projected to increase 5%, while overall sales will be down 1% versus the earlier-predicted 3%-5% increase, International Flavors & Fragrances announces during a conference call June 15. In Europe, Africa and the Middle East, sales will be down 8%-9%. The expected decline is due to customer launch delays, particularly in the personal care and laundry areas, the supplier says. For the year, IFF predicts consolidated sales to be flat