International Flavors & Fragrances

One of the world’s largest flavors and fragrances companies.

Launch date

1889

Employees

Market cap

Enterprise valuation

€32.6b (Public information from Sep 2024)

New York City New York (HQ)

http://www.iff.com/

https://twitter.com/iff https://www.facebook.com/internationalflavorsandfragrances https://www.linkedin.com/company/iff

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Revenues, earnings & profits over time

USD	2020	2021	2022	2023	2024	2025	2026
Revenues	5.1b	11.7b	12.4b	11.5b	11.3b	11.6b	11.9b
% growth	(1 %)	129 %	7 %	(8 %)	(2 %)	3 %	2 %
EBITDA	920m	1.8b	2.3b	1.7b	2.2b	2.3b	2.5b
% EBITDA margin	18 %	16 %	18 %	15 %	19 %	20 %	21 %
Profit	363m	270m	(1.8b)	(2.6b)	410m	655m	762m
% profit margin	7 %	2 %	(15 %)	(22 %)	4 %	6 %	6 %
EV / revenue	3.0x	4.2x	3.0x	2.6x	3.1x	2.9x	2.8x
EV / EBITDA	16.8x	26.7x	16.4x	17.8x	16.2x	14.4x	13.4x
R&D budget	357m	629m	603m	636m	-	-	-
R&D % of revenue	7 %	5 %	5 %	6 %	-	-	-

Source: Dealroom estimates

Date	Investors	Amount	Round
May 1983	N/A	N/A	IPO
May 2023*	Weik Capital Management	$585k	Post IPO Equity
Apr 2024*	Ballentine Partners	N/A	Post IPO Equity
Total Funding		-

ACQUISITION by International Flavors & Fragrances May 2018

Aryballe Technologies

Fragrance Resources

ACQUISITION by International Flavors & Fragrances Nov 2016

ACQUISITION by International Flavors & Fragrances Apr 2017

David Michael & Co

ACQUISITION by International Flavors & Fragrances Sep 2016

Lucas Meyer Cosmetics

ACQUISITION by Clariant Oct 2023

Health Wright Products

ACQUISITION by International Flavors & Fragrances Feb 2022