Robertet (RBT) H1 2025 earnings summary

Executive summary

• Revenue rose 7.7% year-over-year to €446.3 million in H1 2025, with organic growth at 9.2% and all regions and divisions contributing positively.

• Strong performance in Raw Materials and Flavors, with successful integration of recent acquisitions including Phasex in the U.S.

• Recurring EBITDA margin improved to 22.5% of revenue, up from 21.4% in H1 2024.

• Net income attributable to owners increased by 13.2% to €58.5 million.

• Sustainability remains central, with EcoVadis Platinum recognition and 64 certified supply chains.

Financial highlights

• Revenue reached €446.3 million, up 7.7% from €414.6 million in H1 2024.

• Gross profit increased by 12.5% to €264 million, with a 250 basis point margin improvement.

• EBITDA rose 12.7% to €100.2 million, with margin up 110 basis points to 22.5%.

• Net income attributable to the group grew by 13.2% to €58.5 million.

• Free cash flow post-acquisition was €17.5 million, with CapEx at €16.9 million.

Outlook and guidance

• Organic revenue growth for full-year 2025 is targeted between 5% and 7%, reaffirming 2030 objectives.

• Second half expected to see greater impact from US tariffs and adverse currency effects, to be offset by local price increases.

• Long-term ambition to reach €1.1–1.2 billion in revenue by 2030, with 5–7% annual growth and €50–80 million from M&A.

• Pipeline of new product launches and regional momentum expected to support growth.