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Aug 6 2019, 08:05 IST/BST
Foods
IFF Q2 2019: sluggish top-line growth persists
- Sectors : Foods
- Companies : Givaudan | Kerry Group | Symrise
Ratings
Ratings and price correct at time of issue
| Company | Rating | Date | Previous Rating | Date | Closing Price |
|---|---|---|---|---|---|
| Givaudan | NEUTRAL | 21/06/12 | N/A | N/A | 256600chf |
| Kerry Group | OUTPERFORM | 30/06/09 | N/A | N/A | 10110c |
| Symrise | NEUTRAL | 15/01/19 | Outperform | 21/06/12 | 8082c |
DAVY VIEW
IFF’s Q2 statement points to a weakening trend in top-line growth, led by its Taste division. Frutarom sales were flat in the quarter. Separately, IFF is investigating two cases of alleged ‘improper’ payments at Frutarom in Eastern Europe and Russia — an unwelcome development.
