The Iberchem Group, part of Croda International Plc., reported its financial results for 2022. Propelled by a strong performance in high-growth markets, the company reported historic record sales of €250 million, representing a 21% increase year-over-year.
In 2022, Iberchem also set a series of new milestones in its sustainability program, contributing to Croda’s commitment to becoming climate, land and people-positive by 2030.
Richard Butler, senior vice president, Fragrances & Flavors, shared, “Our distinctive position in emerging markets, portfolio breadth and synergies capture from our collaboration with Croda and the acquisition of French fragrance house Parfex were key to register this excellent growth. Our long-experienced teams have been capable of navigating the challenging economic context. Iberchem Group unique business model proved again its resilience and success leading to long-term profitability and value creation for our stakeholders.”
José Balibrea, managing director of the Iberchem Group, part of Croda’s Consumer Care division, commented, “We delivered solid financials across all categories and markets, despite an adverse operating environment in some of the countries impacted by high inflation. The fast growth is testimony to our employees’ excellent work, the agility of our operations, and our ongoing commitment to serve our customers. As we move forward, we aim to focus on high-growth sectors and strengthen our sales network around the world to deliver recently presented five years business plan 2023-2027.”