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Feb 12 2026, 08:02 GMT
The results bookend a taxing year for the business. Q4 organic sales growth of 2% reflects a pallid operating environment with Fragrance activities outperforming Food & Beverage. The trendline for organic growth was broadly consistent with that of the peer group. Management has elected to wait until the March investor event before providing guidance on 2026 – we expect a cautious approach to top-line growth.
Feb 12 2026, 08:02 GMT