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Investing.com -- Shares of Robertet (EPA:RBT) climbed 2% as the company reported second-half 2024 revenues that exceeded analyst expectations.
The fragrance and flavor specialist announced revenues of €393 million, a 5% increase compared to the consensus estimate of €375 million.
The positive financial results were attributed to a strong performance in the Fragrances division, although the company did not provide fiscal year 2025 targets.
Robertet’s full fiscal year results are scheduled to be published on April 14, with a Capital Markets Day set for May 22nd in Grasse.
The company’s full-year sales showed a 10% organic increase, with foreign exchange impacts slightly reducing gains by 1% and scope changes contributing an additional 2% to growth.
Organic sales rose across all regions, with notable expansion in new markets such as South East Asia, China, Latin America, and the Middle East. Established markets in Europe and the United States also reported solid growth.
Looking ahead, Robertet has confirmed its earnings outlook for the full fiscal year 2024, anticipating a higher EBITDA growth rate than sales growth, aligning with previous guidance. This forecast suggests that second-half EBITDA figures are expected to meet or potentially exceed consensus expectations.
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