Robertet Reports Solid First-Half 2026 Results
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Robertet, the world leader in natural products, reported solid first-half 2026 results, highlighting organic revenue growth and continued high profitability. The company, founded in 1850 and headquartered in Grasse, France, saw its net revenue for the first half of 2026 reach €444 million, marking a 2.8% organic growth at constant exchange rates and scope. This growth was driven by the Fragrances division, which experienced a 13% increase, fueled by niche fine fragrance brands and new market entrants, particularly in Latin America and the Middle East.
Despite the Fragrances division's robust performance, the Raw Materials and Flavors divisions faced challenges, with revenues down 6% and 2%, respectively. The Raw Materials division's decline was attributed to a more challenging environment following several years of strong growth and high comparison bases in 2025. The Flavors division, on the other hand, saw a decrease due to market conditions and high bases of comparison.
The Health & Beauty division, however, continued to perform well, with a 11% increase in revenue. This growth was attributed to initiatives aimed at expanding the division's market presence. Regionally, traditional markets such as Europe and North America saw a 1% decline, while South America experienced a 21% growth, driven by Brazil. Asia also showed strong momentum, with a 12% increase, largely due to investments in Indonesia and India.
In terms of profitability, Robertet reported a recurring EBITDA of €94 million, or 21.1% of revenue, compared to €100 million in the same period of 2025. Philippe Maubert, Chairman of the Board of Directors, attributed the year-on-year decline primarily to ongoing investments in manufacturing capacity, expansion of the scientific and sales teams, and information systems. Operating income stood at €75 million, or 17.0% of revenue, reflecting an increase in depreciation and amortization expenses.
Financial performance also showed improvements, with financial income improving due to a decrease in debt servicing costs and less adverse currency effects. Attributable net income amounted to €54 million, or 12.2% of revenue, compared to €59 million in the first half of 2025.
Robertet's commitment to sustainability and environmental responsibility was also highlighted. The company has a total of 67 supply chains with CSR verification or certification, including a new certification for its iconic damascena rose supply chain in Bulgaria. Robertet has raised its carbon reduction targets, validating them with the Science-Based Targets initiative (SBTi) in October 2025. The company is implementing carbon-reduction plans through 2033, covering Scope 1, 2, and 3 emissions.
In terms of outlook, Robertet is targeting organic revenue growth of between 3% and 5% for the full year of 2026. The company remains confident in its growth prospects and continues to pursue its investment strategy to support future growth. Jérôme Bruhat, Robertet's Chief Executive Officer, commented, "Our organic growth and profitability confirm Robertet’s momentum in the first half of the year, driven by the Fragrance Division and new growth regions. In an unstable environment, we combine strict budget control with forward-looking investments to support the future growth of the Group for the benefit of our customers."
The company will host an earnings call on September 18, 2026, at 11:00 a.m. (CET), where it will provide further details on its financial performance and outlook.