Robertet (RBT) Q2 2026 TU earnings summary

Executive summary

• Organic revenue growth reached 2.8% in the first half of 2026 at constant exchange rates and scope, despite a slight overall revenue decline due to currency and scope effects.

• Fragrances and Health & Beauty divisions delivered double-digit organic growth, while Raw Materials and Flavors faced declines or subdued performance.

• Strategic markets in Latin America and Asia showed strong momentum, offsetting more cautious trends in Europe and North America.

Financial highlights

• Consolidated net revenue for H1 2026 was €444 million, down 0.5% compared to H1 2025.

• Currency effects reduced reported growth by 3.0%, and scope changes by 0.3%.

• Organic growth was 2.8% year-over-year, with Q1 up 4.9% and Q2 up 0.7%.

Outlook and guidance

• The group reaffirms its annual organic growth target of approximately 5% at constant exchange rates and scope.

• Cost increases from petroleum derivatives are expected to be partially offset by ongoing price negotiations.