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AVAILABILITY OF THE CONDENSED INTERIM FINANCIAL STATEMENTS   29/09/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse - France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

WE WISH TO INFORM YOU THAT OUR CONDENSED INTERIM FINANCIAL STATEMENTS AS OF JUNE 30, 2021 ARE AVAILABLE ON OUR WEBSITE ROBERTET .


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SHARE CAPITAL AND VOTING RIGHTS OF SEPTEMBER 27, 2021   27/09/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse - France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

Information on the number of voting rights and shares
comprising the share capital

Article L.233-8 II du code de commerce Article 222-12-5 du Règlement général de l'AMF


Stock exchange: Euronext Paris Compartment: A

Compartment: A

Isin code: FR0000039091

Date Total number of shares and IC
Constituting the share capital
Number of voting rights rights
3 MAY 2021 2 310 395 3 391 170

  Number of shares without voting rights Number of voting rights Employees
    3 391 170

Reporting Company

ROBERTET SA
37 Avenue Sidi-Brahim
06130 Grasse

04 93 40 33 66
www.robertet.com


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FIRST HALF 2021: GOOD HALF-YEAR RESULTS   22/09/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse – France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

First half-year 2021: Good

First half-year results 2021

21 September 2021

Consolidated financial statements (in thousands of euros) 30
June 2021
% 30 June
2020
% 30 June
2019
% Change 2021 vs
2020
Sales revenue 297
629
100% 280 208 100% 287 710 100% 6,2%
Current EBITDA 61 298 20,6% 56 165 20,0 % 52 178 18,1% 9,1 %
Current operating income 48 889 16,4% 41 420 14,8% 40 778 14,2% 18,0%
NET INCOME
Group share
38 070 12,8% 30 095 10,7% 29 422 10,2% 26,5%
Net income per share (in euros) 16,5   13,0   12,7   26,5%

The Board of Directors met in Grasse on September 21, 2021 under the chairmanship of Mr. Philippe Maubert and approved the financial statements for the first half of the year, which had been reviewed by the statutory auditors.

Consolidated revenues amounted to 297.6 million euro, up 6.2% (10.6% at constant exchange rates).

Net income, Group share, amounted to 38 million euro, up 26.5% compared to June 2020.

Robertet Grasse and the United States performed particularly well, after a more difficult start to the year.

This demonstrates Robertet's resistance to the health crisis and its good command of operational management.

Current EBITDA at June 30 was also up by 9.1%, improving the performance indicators.

Over 2 years, from June 2019, the latter is up by 17.5% and net income by 29.4% reflecting continued progress in key parameters.

As of August 31, 2021, consolidated revenues were 401.5 million euro, up 9.6% (13.8% at constant exchange rates).

Notre rapport financier semestriel sera disponible le 30 septembre sur notre site internet.

ADDITIONAL INFORMATION

*Current EBITDA corresponds to current operating income before depreciation, amortization, provisions and reversals and excluding other operating expenses, considered as non-current.

The table showing the reconciliation of current EBITDA from current operating income is as follows:

  June 2021 June 2020 June 2019
 
Current operating income
48 889 41 420 40 778
 
Depreciation, provisions and reversals
12 360 14 741 11 364
 
Other operating costs
49 4 36
 
Current EBITDA
61 298 56 165 52 178

There has been an improvement in this indicator, which represents 20.6% of revenues compared with 20.0% at the end of June 2020, mainly due to the good performance of gross margins in all the Group's entities and the control of personnel costs.

The main balance sheet indicators are as follows:

In thousands of euros JUNE 2021 JUNE 2020 DECEMBER 2020
SHAREHOLDERS'
EQUITY (Group share)
509 705 469 163 476 256
NET CASH
POSITION
45 884 26 336 63 578
CURRENT ASSETS - CURRENT LIABILITIES 335 562 326 082 332 098

They reflect the Group's excellent financial strength, with a continued high level of net cash and equity, against a background of external acquisitions and increased working capital requirements.

As of June 30, 2021, revenues break down as follows:

In thousands of euros Raw Materials Fragrance Flavors
  78 098 112 152 107 379
Change from June 30, 2020 -0,7% +15,4% +2,9%

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ACQUISITION OF A MAJORITY STAKE OF ASTIER DEMAREST   05/08/2021 18:00

Robertet SA

37 Avenue Sidi Brahim 06130 Grasse – France

Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

Robertet is pleased to announce the acquisition of a majority stake of Astier Demarest. Astier Demarest is a family business founded in 1880 in Grasse specialized in the sourcing and distribution of raw materials for perfumery, cosmetics, aromatherapy and food flavouring sectors. This investment reaffirms the Group's determination to remain the world leader in aromatic ingredients and strengthens our competitive edge in sustainable sourcing of Natural products with a reinforced presence at the source on strategic products for our industry.

François and Bruno Destoumieux will remain as leaders of the company with the support of the Group to develop sustainably sourced ingredients and enlarge their distribution with Robertet's range of natural and organic products.

« We are proud to welcome Astier Demarest into the Robertet family and we look forward to combining the strengths of both organizations to better fit the growing needs of traceability and transparence. This acquisition will help consolidate our leadership in Natural ingredients and develop ambitious projects for the future. »

Julien Maubert,

Director Raw Materials Division, Robertet

« Astier Demarest is excited to begin the next chapter of its history as a part of Robertet Group. The complementary nature of this combination is evident in the family-owned and operated nature of our companies but also in our shared vision of a strongly integrated and sustainable sourcing of natural ingredients. »

François Destoumieux,

President, Astier Demarest

About Robertet :

ROBERTET S.A. was founded in 1850 in Grasse, France and is the worldwide leader in Naturals. Robertet is the only fragrance, flavor and ingredient company fully integrated at each step of the creation process – from the source ingredient to the final product. Today, Robertet is represented in over 50 countries and has approximatively 2 000 employees worldwide.

Visit www.robertet.com for further details.

About Astier Demarest :

Astier Demarest was established in 1880 in Grasse and expanded over the in the sourcing and distribution of raw materials for the sectors of perfumery, cosmetics, aromatherapy and food flavouring. Astier Demarest developed a historical network of suppliers and partners to assure a high level of quality and traceability at every step of the supply chain.

Visit www.astierdemarest.com for further details.


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SHARE CAPITAL AND VOTING RIGHTS OF JUNE 11, 2021   14/06/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse - France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

Information on the number of voting rights and shares
comprising the share capital

Article L.233-8 II du code de commerce Article 222-12-5 du Règlement général de l'AMF

Stock exchange: Euronext Paris Compartment: A

Compartment: A

Isin code: FR0000039091

Date Total number of shares and IC

Constituting the share capital
Number of voting rights rights
11 JUNE 2021 2 311 625 3 392 290

  Number of shares without voting rights Number of voting rights Employees
    3 392 290

Reporting Company

ROBERTET SA
37 Avenue Sidi-Brahim
06130 Grasse

04 93 40 33 66
www.robertet.com


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ECOM FOOD INDUSTRIES ACQUIRING   26/05/2021 18:00

Robertet SA

37 Avenue Sidi Brahim 06130 Grasse – France

Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

26 May 2021

Robertet is pleased to announce that they have acquired Ecom Food Industries of Toronto, Canada. Ecom is a North American based leader and manufacturer of specialty natural flavors and extracts. Ecom is focused on providing all-natural products and value-added services to the food and beverage, health, nutraceutical and cosmetic industries.

“The Ecom client and product portfolio perfectly complements Robertet's own and we look forward to combining the strengths of both organizations to better serve consumer needs. Our DNA is a product line consistent with all natural, botanically sourced ingredients and value added products to suit consumer needs. Ecom fits perfectly within this strategy and we look forward to welcoming Ecom into the Robertet family.” – Philippe Maubert, Chairman, Robertet Groupe.

“Ecom is excited to begin the next chapter of its history as a part of the Robertet Group and its more than 170-year history in this industry as one of its pillars. The complementary nature of this combination is evident in the family-owned and operated nature or our companies.” – David Soknacki, Founder, Ecom Food Industries.

About Robertet

ROBERTET S.A. was founded in 1850 in Grasse, France and is the worldwide leader in Naturals. Robertet is the only fragrance, flavor and ingredient company fully integrated at each step of the creation process – from the source ingredient to the final fragrance and flavor. Today, Robertet is represented in over 50 countries and has approximately 2,030 employees worldwide.

Visit www.robertet.com for more details.

About Ecom Food Industries

Ecom Food Industries was established in 1986 with an expansion into botanical extraction and various specialty blends over the years. Additional product lines in antioxidants, natural flavors and the health and beauty arena complement these businesses. With 35 employees, Ecom is based in Toronto, Canada.

Visit www.ecomfoods.com for more details.

Conexus Capital Advisors (www.conexus-ca.com) initiated the transaction and assisted in the negotiations.


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AVAILABILITY OF THE 2020 FINANCIAL REPORT   30/04/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse - France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

WE WISH TO INFORM YOU THAT OUR 2020 FINANCIAL REPORT IS AVAILABLE ON OUR WEBSITE ROBERTET .


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ROBERTET 2020 - A VERY STRONG RESILIENCE   28/04/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse - France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

ROBERTET 2020 – A VERY STRONG RESILIENCE

27April 2021

 
Consolidated financial statements

(In thousands of Euros)
2020 % 2019 % %
evolution
Sales revenue 538 318   554 273   -2.9%
Current EBITDA 96 470 17.9% 94 324 17.0% 2.3%
Current operating income 70 995 13.2% 73 044 13.2% -2.8%
Net income 50 617 9.4% 53 045 9.6% -4.6%
Net income per share (in euros) 21.89   22.98   -4.7%

Robertet's Board of Directors was held in Grasse on 27 April 2021 under the chairmanship of Mr Philippe Maubert.

Despite the health risk, the Group, relying on its solid fundamentals, has obtained relatively satisfactory results.

Consolidated revenues amounted to 538 million euro, down 2.9%. At constant exchange rates this figure is stable.

The results were very good, benefiting from the moderation of overheads and the price of raw materials.

Consolidated net profit amounted to 50.6 million euro, down 4.6%.

Particularly favorable is the increase in current EBITDA of 2.3%, representing almost 18% of sales.

The net cash position of 63.6 million Euros allows the Group to plan its future investments.

Consolidated revenues at March 31, 2021 amounted to 145.5 million euro, down 3.1%, which does not call into question the outlook for the year 2021. At constant exchange rates, consolidated revenues increased slightly by 0.9%.

A combined general meeting will be convened in camera for June 9, 2021 at 11:00 a.m., in view of the health restrictions.

A dividend of 5.6 euros per share will be proposed, compared with 5 euros the previous year, returning to the pre-Covid level.

The annual financial report will be available on 30 April on the Robertet website.

ADDITIONAL ELEMENTS :

Recurring EBITDA corresponds to recurring operating income before depreciation, amortization, provisions and reversals and excluding other operating expenses, considered as non-current.

The table showing the reconciliation of current EBITDA from current operating income is as follows:

  2020 2019
Current operating income 70 995 73 044
Depreciation, provisions and reversals 25 441 21 234
 
Other operating expenses
34 47
 
Current EBITDA
96 470 94 324

There has been an improvement in this indicator, which represents 17.9% of revenues vs. 17.0% at the end of 12/2019, mainly thanks to an improvement in the gross margin and control of overheads in all the Group's entities and divisions.

The main balance sheet indicators are as follows:

  2020 2019
SHAREHOLDERS' EQUITY
(Group share)
476 256 456 108
 
NET CASH (*)
63 578 10 853
CURRENT ASSETS - CURRENT LIABILITIES 332 098 316 635

( *) Net cash = cash and cash equivalents + other current financial assets - financial liabilities (including financial liabilities under IFRS16)

These figures reflect a very significant improvement in the Group's net cash position over the year 2020, as well as a continued high and growing level of consolidated equity.

As of March 31, 2021, at constant exchange rates, consolidated revenues were up slightly (+0.9%), with sales in USD representing 42.8% of consolidated revenues for the first three months of the year.

There is no change in the scope of consolidation compared to the first quarter of 2020.


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2020: SATISFACTORY PERFORMANCE IN A DIFFICULT CONTEXT   24/02/2021 18:00

Robertet SA
37 Avenue Sidi Brahim 06130 Grasse - France
Société anonyme au capital de 5 754 612 € Rcs Grasse B 415 750 660

2020
SATISFACTORY PERFORMANCE IN A DIFFICULT CLIMATE

Sales revenue
(In thousands of euros)

  2020 2019 Change Change at
constant rate
First half-year

Second half-year
280 208

258 110
287 711

266 562
-2.6%

-3.2%
-2.5%

+2.4%
TOTAL 538 318 554 273 -2.9% -0.1%

Robertet's Board of Directors met on 23 February 2021 under the chairmanship of Mr Philippe MAUBERT and reviewed the Group's activity and its unaudited results for the 2020 financial year.

The Group's performance is in line with forecasts. The year 2020 was marked by the Covid 19, which was penalizing.

Sales have been impacted, even though Robertet has managed to maintain normal production activity, efficient customer service and operational Creation and Development departments over the period.

Robertet has shown solid resilience despite a significant drop in sales at Robertet Grasse (-9%), but with good stability at Robertet USA, significant growth at Robertet Asia (+16%) and promising development at the Health & Beauty division.

Costs were well controlled and the Gross Product Margin percentage improved thanks to the overall decrease in the price of raw materials purchased.

Current EBITDA is expected to be higher than in 2019.

Unaudited net profit is around €50 million lower than 2019 by 5%.

The final 2020 results will be published before April 30, 2021.


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Financial reports

Alerte mail

Executive Board

Chairman and Chief Executive Officer :

  • M. Philippe MAUBERT

Board Members :

  • Mrs Gilberte LOMBARD
  • M. Alain MOYNOT
  • Mrs Catherine CANOVAS
  • M. Lionel PICOLET
  • M. Christophe MAUBERT
  • M. Olivier MAUBERT
  • Mrs Isabelle MAUBERT
  • Mrs Colette ROBERT
  • Mrs Isabelle PARIZE

Stock Information

Ticker: RBT / ISIN FR0000039091
Number of shares: 2 073 632
Primary Symbols & Exchanges:
003909 – NYSE Euronext Paris
004560 – NYSE Euronext Paris
Primary Industry: Chemical
SIC Industry Code: 2899 – Chemicals and Chemical Preparations, NEC
NAICS Industry Code: 325199 – All Other Basic Organic Chemical Manufacturing