International Flavors (IFF) Gains From New Strategy Reveal

The company will continue to take pricing actions to counter the impact of cost inflation while improving productivity and delivering cost reductions. IFF expects to achieve mid-single-digit adjusted operating EBITDA growth on a comparable currency-neutral basis in fiscal 2023. As part of the company’s long-term financial objectives, IFF outlined that it expects to increase sales by 4% to 6% and adjusted operating EBITDA by 8% to 10% on a comparable currency-neutral basis over the 2024, 2025 and 2026 period.