IFF · 8-K · 20260804PR000028
FX / Currency Headwinds
INTERNATIONAL FLAVORS & FRAGRANCES INC · 2026-08-04 · Importance 30 · Surprise 24 · Contradicted
Currency translation reduced second-quarter 2026 reported sales by 2% for Taste, 3% for Health & Biosciences, 2% for Scent, and 2% on a consolidated basis. Currency reduced second-quarter adjusted operating EBITDA by 2% in Taste, 3% in Health & Biosciences, 7% in Scent, and 3% for the consolidated company. For the six months ended June 30, 2026, currency reduced sales by 3% in Taste, 4% in Health & Biosciences, 3% in Scent, and 4% consolidated. Year-to-date currency impacts reduced adjusted operating EBITDA by 3% in Taste, 5% in Health & Biosciences, 7% in Scent, and 5% consolidated.
Key facts
- Based on recent market foreign exchange rates, the Company expects foreign exchange will have an approximately 1% positive impact on sales growth and approximately 2% positive impact on adjusted operating EBITDA growth in 2026. source
- Impact of Currency Fluctuations for six months ended June 30, 2026: $38 million. source
- Impact of Currency Fluctuations for Q2 2026: $14 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | probable | +1.0% | Based on recent market foreign exchange rates, the Company expects foreign exchange will have an approximately 1% positive impact on sales… |
| revenue | positive | probable | +0.5% | Based on recent market foreign exchange rates, the Company expects foreign exchange will have an approximately 1% positive impact on sales… |