date:Feb 18, 2014
nit increased 3% to $1.4 billion. The Flavors segment contributed 48% of the companys total consolidated revenue.
Local currency sales increased 4% for the full year. Growth from new business wins offset a slight sales decline on existing business and the exit of low-margin sales activities. Excluding the impact of exiting these low-margin sales activities, LFL growth would have been 6%.
LFL growth of 6% was due to positive growth in every region, led by double-digit growth in Latin America, a