SOLID GROWTH IN THE FIRST HALF OF 2023

Robertet’s Board of Directors, chaired by Philippe Maubert, met in Grasse on September 20, 2023.

Consolidated net sales for the first half of 2023 came to 376.4 million euros, up +4.9% on 2022. This is particularly positive compared with the first half of 2022, which saw strong growth of +20%.

By region, performance was driven by a good start to the year in North and South America, combined with stability in Europe and Asia. Sales by division:

Perfumery sales accelerated sharply to +11.2%, with strong momentum in North and South America, particularly in fine fragrances;
Flavors got off to a solid start with +6.2%, thanks to new product launches;
Raw materials were down by -5.1%, due to a slowdown in organic ingredients and continued strong destocking by North American customers, particularly in aromatherapy;
Health & beauty got off to an encouraging start with +3.4%, and strengthened its commercial presence in the promising Asian market.
Given the slowdowns and destocking observed in many regions, our sales growth target for 2023 as a whole is around +4% compared with 2022, while EBITDA profitability should approach the 2022 level.

To find out more, Robertet publishes its full half-year results here.