Adjusted Operating EBITDA Growth
IFF delivered strong adjusted operating EBITDA growth of 7% in the third quarter, with a margin improvement of 130 basis points.
Strategic Investments and Expansions
IFF opened a Scent creative center in Dubai, a Citrus Innovation Center in Florida, and expanded its LMR Natural site in Grasse, France, aimed at advancing innovation offerings.
Notable Partnerships
IFF announced a strategic collaboration with BASF for enzyme and polymer innovation and a joint venture with Kemira for sustainable alternatives to fossil fuel-based ingredients.
Leverage Reduction
IFF reduced its leverage significantly, reaching approximately 2.5x net debt to EBITDA, and announced a $500 million share repurchase authorization.
Strong Scent Business Performance
The Scent segment delivered a 5% year-over-year sales growth, driven by a 20% increase in Fine Fragrance.