On February 8, American flavor giant International Flavors & Fragrances Inc. (IFF) announced financial data for the fourth quarter and full year of fiscal 2022, ending on December 31, 2022.
For the full fiscal year 2022, reported net sales were $12.44 billion, showing an increase of 7% compared to the prior year period. On a comparable basis, currency-neutral sales increased by 9%, with growth achieved across all divisions, led by double-digit increases in Nourish and Pharma.
In Q4, reported net sales were $2.84 billion, showing a decrease of 6% compared to the prior year period. …
