In today’s briefing:
- International Flavors & Fragrances Inc.: Continued Growth In Nourish
- Petróleo Brasileiro S.A. – Petrobras: Chartering of FPSO Vessels & Other Developments
International Flavors & Fragrances Inc.: Continued Growth In Nourish
- International Flavors & Fragrances delivered a mixed set of results in the quarter.
- Sales were up 4% on a comparable, currency-neutral basis for the quarter, with increases seen in almost all divisions.
- Besides that, their scent division performed well, achieving a 6% year-over-year sales increase, driven by double-digit growth in fine fragrance and mid-single-digit growth in consumer fragrance.
Petróleo Brasileiro S.A. – Petrobras: Chartering of FPSO Vessels & Other Developments
- Petróleo Brasileiro achieved strong in the quarter last quarter and managed an all-around beat.
- By increasing the utilization rate of its refineries and introducing new products with renewable content, Petrobras continues to be competitive.
- We give Petróleo Brasileiro S.A. – Petrobras a ‘Hold’ rating with a revised target price.
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