IFF reports sales, profits up
date:Aug 12, 2014
374.0 million. Excluding the impact of foreign currency, Flavors local currency sales growth was 1% this quarter, as new wins were largely offset by a higher level of volume erosion on existing business. The second quarter of 2013 was the strongest sales quarter of the year, with 8% like-for-like (LFL) sales growth, which excludes the exit of low-margin sales activities. Flavors achieved mid-single-digit local currency sales growth in the emerging markets, which accounted for 52% of total Flavor
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