Thank you, Michael.
Rich have. any questions outlook performance we take give ask the year. the you update the will on like I provide our a progress. give to and may finished, balance Then, would financial call I results an financial more an today, update our third in-depth for our On provide comments quarter on on Once our of and integration review business to will that of
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win a at performance impacted on noted the growth period. primarily customers. taste, high with It In a level, we continued remain be should remain multinational to erosion in volume two-year factor ago that we our growth however, when by solid achieved the in basis, year be X% rates
XX in and We are also pleased a ex-amortization basis improvement benefits as business continued to adjusted profit as and our an in a core we from acquisition-related savings improvement productivity deliver report profitability margin synergies. operating drove point we
efforts, integration first Cost million synergies $XX Our for Frutarom and as now we months achieved $XX of the that are all ahead year significantly million $XX a the progressing deliver of continued strength announced of estimate nine million XXXX approximately well. expect we to be quarter. to approximately source for last
and of We as high-risk. operations review our as completed supplement as conducted the compliance we that initiatives prior our and certain aerial the of transaction. the in Russia allegations other including that also deem reviews to of Frutarom a those we've Frutarom subsequent These substantially jurisdictions second global closing view Ukraine well
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improvements to and benefit generation The operating cash flow cash result both where free achieved net in was flow. a we
are Difficulty] efforts plan. our to against [Technical well Our deliver integration
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service to the and speed agility to on regional marketplace. win a fast customers growing in is differentiated and local to intent help them with continue serve model built Our their
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our ingredients organization bias moving model effective define We performing taste nutrition to towards forward. continue to ultimate and culture corporate and collaboration. and will paramount culture as high Talent remains our talent our the extreme organization for with accountability, enhance operating strive and action within which execute agenda of we scent,
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flow, period. cash operating previous months the of was flow year XXX million to strong nine cash terms the In XXXX compared first up in our of
second to from quarter our improved also ratio EBITDA X.Xx. net We debt to in X.Xx the
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progress We continue significant to our see against goals.
spent. [indiscernible] outpacing by tail our purchasing original power, and are We savings target procurement driven meaningful
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segments. include of examples synergies which and Some will packaging logistics benefit our all
generating savings. incremental team very good are we our work done today, a has what Assessing
at we target on deliver driving business our upon to one further million the shareholders. I Looking are value believe supporting goal, track and our for over XXX this
Frutarom, formal a payments As a two more moments update. customers. businesses were of of we That's improper number the second to as to quarter take to of provide Frutarom that reminder few made disclosure in a follow-up Russia a Ukraine our last disclosed to operating complaints in principally want aware quarter, and allegation integration made I certain during a
We and have now review are completed we time for Ukraine Frutarom substantiated the confirmed senior have at members the key of pleased we such to and a that report substantially management allegations were aware robust the allegations, have of payments. Russia that
appropriate have relevant such believe As replacing in locations including customer management remedial senior have taken result, a stopped. payments and actions that improper we
Frutarom's initiatives certain were conducted jurisdictions at Frutarom and in conducted supplement the operations including accounting of the review These with Bruckhaus assistance high outside and closing global in reviews have the Deloitte. including firms, that These Frutarom other These those were robust transaction. We risk. our Deringer existing are are that completed. reviews compliance also with connection of deemed implemented secondary Freshfields reviews legal of substantially secondary
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connection to United has any evidence no of compliance these matters any that uncovered In suggesting addition, at States. been the
our it that, through like take more performance financial to detail. in would Rich to With I over turn to you
