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Europe: IFF reports 4% increase in sales in Q4, propelled by growth in emerging markets

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IFF has reported net sales totaled US$773.8 million, an increase of 4% from US$742.3 million in the third quarter of 2013.

Excluding the impact of foreign currency, local currency sales grew by 4%, reflecting continued growth in the emerging markets.

“We are pleased we have achieved 4% local currency sales growth again this quarter, owing to the strength and diversity of our portfolio, the continued execution of our three pillar growth strategy and the recent acquisition of Aromor,” said CEO Andreas Fibig.

“The emerging markets continued to outperform the developed markets and fueled our sales growth in both business units. We saw strong growth in many countries in Latin America, Greater Asia and the Middle East and Africa. In addition, the integration of Aromor is progressing well and is contributing to our top-line growth as expected.”