Question-and-Answer Session
Operator
Thank you. [Operator Instructions]
We’ll first go first to Mike Sison of Key Banc.
Michael J. Sison – Key Banc Capital Markets
Hey guys. Hi Yvette nice quarter. Rob when you assessed the organic sales growth this year for 2007, the one of the things that you noted in the long term growth that you felt that market growth would be about 2%. So you are tracking more on the plus side of the four plus, is that more of what you have done internally in terms of new products winds or is the market actually going faster than the two?
Robert M. Amen – Chairman and Chief Executive Officer
That’s a great question Mike; I mean clearly our expectation is. We are going to grow relative to the market first and foremost. We believe that we have got the tools in place to enable our customers to succeed and consequently we will be rewarded with best organic growth. Our understanding in the markets were when we set those goals that on balance of markets were growing at 2%.
I think there is increasing evidence that perhaps growth is more than that, but I am not prepared here today to give you a hard number. We are evaluating our data, our customer’s data and we will update that number. If that number goes up, my expectation is that we will again expect to grow faster than the market. But stay tuned we will come back when we will have more analysis there.
Michael J. Sison – Key Banc Capital Markets
Okay. Then when you think about the momentum heading in 2008, I know it’s a little bit early but you know can you give us a little sense on the new project when sort of the momentum there, do you see it carrying over into 2008? Looks like Flavors is done a wonderful job this year, picking up a lot of business.
Robert M. Amen – Chairman and Chief Executive Officer
I tried to indicate that. As I said looking ahead I continue to believe we are going to be able to sustain the growth and sales and earnings that we have lined in our financial goals. Flavors has had a great year and they are on a great trend as you saw from the charts Doug shared with you. Do I expect they’re going to continue to grow at 9% local currency terms? I think that’s a bit of a stretch but I think they are going to continue to grow. They’ve got some terrific new products in the market and winning in a number of areas, so I expect them to continue to advance.
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