The natural fragrance and flavor ingredients specialist reported on Friday, July 23, an organic growth of 2.8% (at constant exchange rates and scope) for the first half of 2026, falling well short of analysts’ expectations.
Consolidated net revenue for the first half of 2026 amounted to EUR 444 million (USD 505), down slightly (-0.5%) compared with the same period in 2025.
According to Robertet, the decrease was largely the result of unfavorable exchange rate movements — primarily the appreciation of the euro — along with changes in the scope of consolidation.
At constant exchange rates and scope, organic revenue growth came to 0.7% in the second quarter, compared to 4.9% in the first quarter.
Performance varied significantly across the group’s divisions. Fragrances were the main growth engine, with sales up 12.6%, followed by Health & Beauty (+11.3%), while Flavors and Raw Materials declined by 1.7% and 5.5%, respectively.
Against this backdrop, Robertet said it is entering the second half of the year "with caution" while reaffirming its full-year target of approximately 5% growth at constant exchange rates and scope of consolidation.
“Cost increases related to petroleum derivatives are expected to be partially offset by price increases under negotiation,” said the company.
Founded in Grasse in 1850, the Robertet Group has around 2,700 employees worldwide and recorded total revenue of more than EUR 843 million in 2025.
