Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Intl Flavors & Fragrances, Petroleo Brasileiro SA and more

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

By Baptista Research

  • 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

By Baptista Research

  • 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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