(AOF) – International Flavors & Fragrances’ third-quarter sales were $2.82 billion, down 8% from the same period a year ago. Its earnings per share (EPS) for this third quarter stood at $0.10. Over that period, the perfume maker’s operating cash flow was $795 million. Adjusted Ebitda for the third quarter was $506 million.
The group reiterates its sales forecasts for 2023: between $11.3 and $11.6 billion. It is still targeting an adjusted Ebitda due to the inflation-friendly price and improved productivity: between $1.85 and $2 billion.
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