The French manufacturer of fragrances and flavors posted a EUR 446.3 million (USD 525.35) consolidated net revenue for the first half of 2025, up 7.7% compared with the same period in 2024. Organic revenue growth (excluding scope and currency effects) was up 9.2% in the first half, mainly driven by a strong growth in the Raw Materials and Flavors Divisions.

Recurring EBITDA for first-half 2025 came to EUR 100.2 million, up 12.7% on the first half of 2024, representing a recurring EBITDA margin of 22.5% of revenue, up from 21.4% in the first half of 2024.

Consolidated net income came to EUR 58.5 million, up 13.2% compared with the first half of 2024.

The Raw Materials division, which accounts for 26% of the group’s revenue, was up 14.4%, driven by solid momentum in fine fragrances and demand in Europe and Asia.

The Fragrances division (36% of the group’s revenue) was up 0.5%, reflecting contrasting environments across the different regions: strong growth in South America, the Middle East and Asia, modest growth in Europe, but a slowdown in North America, which is due to one-off inventory effects at the company’s main customers, Robertet said.

Flavors represented 35% of revenue, up 10.7%, benefiting from “sustained demand for natural products and the completion of major customer projects on every continent.”

Finally, the Health & Beauty division (3% of the company’s revenue) grew 9.1% over the period.

All regions contributed to growth, with a good start to the year in Europe, South America and Asia. Strategic markets such as China, Indonesia, Brazil and Mexico delivered robust growth.

US tariffs and falling dollar

In the second half of 2025, the Robertet Group is anticipating a greater impact of US tariffs. Combined with the declining US dollar trend, this impact will only be partially offset by local price increases.

Against this backdrop, Robertet has reaffirmed its objectives, with organic revenue growth (excluding currency and scope effects) of between 5% and 7% for full-year 2025, in line with the Group’s 2030 ambitions, as well as an improvement in recurring EBITDA, driven by an expansion in gross margin.