With a turnover of 504 million euros, an increase of 7.7%, the Robertet Group achieved a very good year in 2017, especially after an excellent 2016. The net result rose to 48 million euros, a nearly 16.7% increase.
This success is the fruit of our competence and of an unmatched enthousiasm for our products. It is also founded on our knowledge, our expertise in natural raw materials utilized in our Flavor and Fragrance divisions.
Our model for 2015/2020 remains more relevant than ever. Priority will be given, for the Food Flavorings and Perfume Compositions divisions, to organic growth in certain geographical locations in countries with potential where we are not sufficiently represented. This leads to significant investments in Grasse (40 million euros by 2019) as well as abroad. 2016 saw the arrival of BIONOV in the Health and Beauty Division. This acquisition underpins our desire to see this 4th division of the Group reach a significant size in the next few years.
In addition, Robertet was rewarded in 2016 with the Prix de l’Audace Créatrice. A bold and daring approach is essential for Robertet, an ETI with French industrial heritage, to remain the market leader of aromatic natural raw materials. Our strategy is to maintain this position by staying with our core business. The Robertet Group, with sound financial strength and a secure management policy, ensures a sustainable future.
2018 will be a year of transformation, a better option than change.