On March 17, 2025, Iberchem, a Croda brand, announced its annual financial results for 2024, reporting 18% growth from the previous year.
The company’s financial results encompass the activity of fragrance leader Iberchem, French fragrance house Parfex and flavor producer Scentium. According to the company’s press release, the F&F group achieved annual sales of €338 million in 2024.
José Balibrea, vice president of F&F at Croda and managing director of Iberchem, commented, “Our growth in 2024 has been propelled by a targeted approach to local and regional customers in high-growth such as Asia, most particularly China, followed by Southeast Asia. The Middle East were also at the core of our expansion this year, where we continued serving our loyal existing customer base and increased our marketing shares in the fine fragrance segment. We continue to enhance our presence in both regions by strengthening our teams and expanding our facilities, such as our new R&D center in Dubai and the construction of our new manufacturing site in China. Furthermore, the remarkable sales surge in Colombia and the increasing activity in Brazil and Mexico highlight the strength of our robust business plan in Latin America. These results exceeded our initial expectations for the year, confirming that our growth strategy is on the right track.”
Sandra Breene, president of consumer care at Croda, added, “We are very pleased with the results of our fragrances and flavors business as part of the consumer care division, which has exceeded expectations again this year. This performance clearly reflects Croda’s culture based on innovation and consumer-centricity. The F&F business has played a crucial role in advancing Croda’s overall objectives and in delivering the group’s strategy of sustainable growth.”
