Fragrance business unit: 4% increase in currency neutral sales
Flavors business unit: 7% increase in currency neutral sales; strongest growth in beverage and savory.
IFF profits are expected to increase for the remainder of the year. Andreas Fibig, chairman and CEO comments, “For the full year 2015, we expect currency neutral sales to grow about 6%, including approximately 2 percentage points related to the acquisitions of Ottens Flavors and Lucas Meyer Cosmetics"
Fibig also predicts growth in Africa, the Middle East, and North America,"We continue to leverage our long-standing presence in the emerging markets as they grew 7% on a currency neutral basis led by a 22% increase in the Middle East and Africa and strong growth in India, Brazil and Argentina. We also fortified our market share in North America – achieving the number two position in Flavors – as we successfully closed the acquisition of Ottens Flavors."
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