Robertet (RBT) H1 2024 TU earnings summary

Executive summary

• Sales increased by 10.1% in H1 2024 compared to H1 2023, reaching €414.6 million.

• Growth was driven by strong customer momentum, a recovery in the Raw Materials division, and inventory build-up by customers.

• All regions contributed to organic growth, with a notable start from the recent Sonarome acquisition in India.

Financial highlights

• H1 2024 sales: €414.6 million, up 10.1% year-over-year.

• Organic growth was 9.6% year-over-year; at constant exchange rates, sales rose 12.3%.

• Q1 sales grew 10.6% (11.1% like-for-like); Q2 sales up 9.6% (8.1% like-for-like) compared to prior year.

Outlook and guidance

• Strong first-half performance supports confidence for full-year 2024.