Iberchem, a Croda Brand, announces its annual financial results, reflecting notable growth of 18% compared to the previous year. The company, which includes the global leader in fragrances Iberchem, the French fragrance house Parfex, and the flavor manufacturer Scentium, achieved annual sales of 338 million euros in 2024. This success is attributed to the effective execution of its strategy and strong synergy with the other Consumer Care companies in the group. The company's growth trajectory in recent years is a clear example of its customer-centric approach and the solid synergies among the group companies.
José Balibrea, Vice President of F&F at Croda and General Director of Iberchem, highlighted: “Our growth in 2024 has been based on a strategy focused, on one hand, on growing local customers in key regions, such as Asia, particularly China and Southeast Asia, and on the other hand in the Middle East, where we have consolidated our presence with existing customers and expanded our market share in the fine fragrance segment. In Latin America, the increase in sales in Colombia and the continuous growth in Brazil and Mexico reflect the strength of our strategy in the region. The expansion of our teams and the opening of new facilities, such as the R&D center in Dubai and the construction of a new manufacturing center in China, have been key to these exceptional results, which exceeded our initial expectations.”
For her part, Sandra Breene, President of Consumer Care at Croda, emphasized: “We are very pleased with the performance of the Fragrances and Flavors division as part of the Consumer Care division, which has once again exceeded our revenue expectations. This achievement reflects Croda's culture of innovation and customer orientation. The F&F division has been a fundamental pillar in achieving our global objectives and in the group's sustainable growth strategy.”
This year has been particularly significant for Iberchem, with milestones that consolidate its position in the industry. Luz Vaquero, Creative Director and Master Perfumer at Iberchem, was appointed Academician in the prestigious Academy of Perfume. Additionally, Iberchem and Parfex celebrate their 40th anniversary, further proof of their trajectory and success in the sector. The expansion of R&D facilities in the Middle East, the opening of a new R&D center for Parfex, and the launch of a creative hub in Barcelona reinforce the group's global infrastructure and its commitment to innovation.