International Flavors backs FY17 adjusted EPS growth view of 4%-5%
Backs view of FY17 adjusted sales growth of 6.5%-7.5%. "Our second quarter results finished in line with our expectations, with improved trends across several of our key financial metrics. We continued to advance our strategy as we drove innovation, executed our productivity programs, and benefited from acquisitions. These improvements reflect significant efforts across our entire organization as we implement our long-term strategy and generate strong returns for our shareholders. Looking forward, we expect second half performance to see improved year-over-year organic sales growth and additional savings related to the productivity program we announced earlier this year. For the full year, we remain optimistic that we can achieve our previously stated currency neutral guidance," said IFF Chairman and CEO Andreas Fibig.