International Flavors (IFF)

[Paule]

International Flavors sees 2001 low single digit revenue growth


NEW YORK, Feb 20 (Reuters) - International Flavors &
Fragrances Inc. , the world's No. 1 fragrance maker,
said on Tuesday that it expected 2001 low-single digit revenue
growth, with the strongest sales growth of mid to high single
digits in Asia Pacific and Latin America.
It said it expected its 2001 North American and European
sales growth in the low single digits.
It also said that it expects 2001 earnings of $1.42 a
share, excluding one time charges, in line with its previous
estimates.
International Flavors also said that it planned to divest a
portion of its Aroma Chemicals business as part of its purchase
of the Bush Boake Allen Business. It said it would use the
proceeds of the sale to pay down debt.
The company also said it would evaluate the remainder of
its business portfolio as part of an ongoing effort to focus on
its core business.
((--New York Equities Desk, 212 859 1700))